Union Pacific's third quarter profit exceeded estimates as the railroad boosted prices.  ( 1 min )

Revenue at Genuine Parts missed estimates as its U.S. auto parts group underperformed, sending shares plummeting.  ( 1 min )

Tesla shares tumbled more than 9% in trading Thursday on the electric carmaker's lackluster earnings report for the third quarter. Elon Musk and other executives highlighted economic headwinds and Cybertruck production challenges that have hurt performance.  ( 1 min )

Google plans to manufacture phones in India, following moves by other smartphone giants Apple and Samsung.  ( 1 min )

The S&P 500 lost 0.85% Thursday, Oct. 19, 2023, as Fed Chair Jerome Powell said the economy likely needs to slow to reduce inflation and that more interest rate hikes are possible.  ( 1 min )

Freddie Mac’s 30-year fixed-rate mortgage hit 7.63%, the sixth straight week that mortgage rates increased to levels not seen since 2000.  ( 1 min )

U.S. equities moved between gains and losses at midday on Thursday, Oct. 19, 2023 amid concerns about whether the Fed would continue to raise interest rates as Fed Chair Powell said inflation remains too high.  ( 1 min )

Stock futures were slightly lower in premarket trading Thursday as the yields on the benchmark 10-year Treasury approached 5% ahead of a speech by Fed Chair Jerome Powell.  ( 1 min )

Tesla shares fell as the electric vehicle maker missed estimates on price cutting that ate into profit margins and investors will look to remarks from Fed Chair Jerome Powell for insight into coming decisions on interest rates. Here’s what investors need to know today.  ( 1 min )

Older immigrants may qualify for Social Security if they once worked in the United States or their county has a totalization agreement with the U.S.  ( 26 min )

Union Pacific's third quarter profit exceeded estimates as the railroad boosted prices.  ( 17 min )

The S&P 500 lost 0.85% Thursday, Oct. 19, 2023, as Fed Chair Jerome Powell said the economy likely needs to slow to reduce inflation and that more interest rate hikes are possible.  ( 17 min )

Revenue at Genuine Parts missed estimates as its U.S. auto parts group underperformed, sending shares plummeting.  ( 17 min )

Shares of regional banks have rebounded from this spring's industrywide turmoil, belying financial performance that remains challenged by rising interest rates and an uncertain economy.  ( 19 min )

A yen ETF is an exchange-traded fund that tracks the Japanese yen in the foreign exchange markets.  ( 25 min )

A consumption tax is a tax on the purchase of a good or service. It can also be a system taxing based on consumption rather than on added value to the economy (income tax).  ( 24 min )

Wire fraud is a type of fraud that involves the use of some form of telecommunications or the internet.  ( 23 min )

Freddie Mac’s 30-year fixed-rate mortgage hit 7.63%, the sixth straight week that mortgage rates increased to levels not seen since 2000.  ( 17 min )

Powell's comments are in line with those of other recent comments from Fed officials and have helped solidify the notion among market participants that an interest rate hike is unlikely when they meet next month.  ( 19 min )

A services sector ETF is an exchange-traded fund (ETF) that primarily invests in the consumer services or financial services sector of an economy.  ( 21 min )

Terminal value (TV) determines the value of a business or project beyond the forecast period when future cash flows can be estimated.  ( 26 min )

Before taking out a personal loan, you should pre-qualify with several lenders to find the best possible rates. We’ll show you how to pre-qualify for loans and compare your options.  ( 24 min )

Learn the steps you need to take to compare lenders, qualify, and get the best rates and terms with an auto equity loan.  ( 25 min )

A home equity loan may be a lower interest rate than your current debt, but make sure you know all the risks before consolidating your debt into one.  ( 23 min )

You can use a $35,000 personal loan for almost anything, with a few exceptions. Learn what you can fund with a $35,000 and what is excluded.  ( 25 min )

After rapid growth, South Asia's economy fell. Learn more about what led to its economic expansion and drop, and where it's headed in the future.  ( 26 min )

The Consumer Financial Protection Bureau proposed new rules Thursday that would require banks to share data at the customer’s request, making it easier to switch banks and other financial service providers.  ( 18 min )

Covered interest rate parity refers to a theoretical condition in which the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium.  ( 23 min )

Crypto firms Gemini, Genesis, and Digital Currency Group are being sued by New York Attorney General Letitia James for fraud.  ( 18 min )

Tesla shares tumbled more than 9% in trading Thursday on the electric carmaker's lackluster earnings report for the third quarter. Elon Musk and other executives highlighted economic headwinds and Cybertruck production challenges that have hurt performance.  ( 18 min )

Discover the countries with the greatest budget deficits as a percentage of GDP.  ( 21 min )

U.S. equities moved between gains and losses at midday on Thursday, Oct. 19, 2023 amid concerns about whether the Fed would continue to raise interest rates as Fed Chair Powell said inflation remains too high.  ( 18 min )

The number of existing home sales decreased by 2% in September to 3.96 million, and 15.4% from one year ago.  ( 18 min )

American Airlines reported higher-than-expected profit for the third quarter, but warned of lower earnings for the year as fuel costs increase.  ( 17 min )

We explain how Korea's most popular messaging application makes its money.  ( 21 min )

Google plans to manufacture phones in India, following moves by other smartphone giants Apple and Samsung.  ( 17 min )

TSMC posted better-than-expected results in the third quarter and expects a turnaround in the semiconductor sector.  ( 17 min )

Financial markets refer broadly to any marketplace where securities trading occurs, including the stock market and bond markets, among others.  ( 28 min )

Ten economic indicators provide a comprehensive picture of Canada's economy.  ( 23 min )

Multi-signature wallets are cryptocurrency wallets designed to require two or more cryptocurrency wallet keys to unlock and withdraw funds.  ( 22 min )

Rates on 30-year mortgages have eased a bit lower after surging to a new historic high on Tuesday. Rates were flat to moderately up for most other loan types.  ( 21 min )

Legal immigrants in the U.S. can be eligible for Social Security benefits, but only if they meet certain requirements.  ( 29 min )

Here is a list of the world's top ten law firms in terms of revenue.  ( 24 min )

AT&T's third quarter earnings beat analyst estimates and revenue eked out a modest gain. The company added subscribers, but more importantly raised its full-year guidance for free cash flow.  ( 17 min )

Corporate governance involves balancing the interests of a company's many stakeholders, which can include shareholders, senior management, customers, suppliers, lenders, the government, and the community.  ( 27 min )

Summa cum laude is an academic level of distinction used by educational institutions to signify a degree that was received with the highest honor.  ( 24 min )

IKEA is one of the world's largest privately-held companies and has been the world’s largest furniture retailer since 2008.  ( 22 min )

Tesla shares fell as the electric vehicle maker missed estimates on price cutting that ate into profit margins and investors will look to remarks from Fed Chair Jerome Powell for insight into coming decisions on interest rates. Here’s what investors need to know today.  ( 19 min )

A high-yield savings account can make your money go further. Find out the top benefits and how to choose an account that’s right for you.  ( 18 min )

From automating transactions to finding the right savings vehicle, here are the key things to know about managing your savings.  ( 17 min )

Find out how limited partnerships and master limited partnerships (MLPs) differ in their types of business ownership and tax treatment.  ( 23 min )

The Social Security tax, levied on both employers and employees, funds Social Security and is collected in the form of a payroll tax or a self-employment tax.  ( 25 min )

De Nederlandse Staat begint een rechtszaak tegen het bedrijf Relief Goods Alliance (RGA) van Sywert van Lienden. De civiele procedure draait om de omstreden mondkapjesdeal.  ( 10 min )

De Nederlandse staat begint een rechtszaak tegen het bedrijf Relief Goods Alliance (RGA) van Sywert van Lienden. De civiele procedure draait om de omstreden mondkapjesdeal.  ( 10 min )

Het aantal ziekmeldingen van werknemers steeg in september voor het eerst sinds februari weer. Mensen hebben vaker griep en melden zich ook veel ziek vanwege stress die mogelijk met een herfstdip te maken heeft. Lezers lieten op ons reactieplatform NUjij weten zich hierin te herkennen.  ( 11 min )

Gokbedrijven hebben vorig jaar 3,4 miljard euro verdiend na aftrek van uitgekeerde winsten. Dat is 700 miljoen euro of bijna 26 procent meer dan in 2019, het laatste jaar zonder coronabeperkingen. In 2022 vergokten Nederlanders gemiddeld 258 euro per persoon.  ( 9 min )

Brussel wil van TikTok en Facebook-moederbedrijf Meta binnen drie weken weten wat ze doen tegen de verspreiding van nepnieuws en desinformatie. Eerder kreeg X hetzelfde ultimatum. Als de maatregelen niet goed genoeg zijn, kan de Europese Unie dwangsommen opleggen.  ( 9 min )

Universal Music sleept AI-chatbotmaker Anthropic voor de rechter in het Amerikaanse Nashville. Volgens de platenmaatschappij maakt de chatbot nieuwe muziek die te sterk lijkt op nummers van artiesten die bij Universal onder contract staan.  ( 9 min )

BCC deelt niet meer mee welke winkels open of dicht zijn. Daarmee wil de failliete elektronicaketen onrustige situaties in de winkels voorkomen. BCC houdt faillissementsuitverkoop en dat trekt koopjesjagers.  ( 8 min )

Vervoersbedrijf Arriva, dat ook in Nederland actief is, krijgt een nieuwe eigenaar. Moederbedrijf Deutsche Bahn heeft besloten het onderdeel te verkopen aan de Amerikaanse investeerder I Squared Capital.  ( 8 min )

Autofabrikant Tesla maakt minder winst doordat het bedrijf de prijzen voor zijn auto's heeft verlaagd. Met die prijsverlagingen wil de fabrikant de toenemende concurrentie voorblijven  ( 10 min )

Nederland telde vorige maand 371.000 werklozen. Dat komt neer op 3,7 procent van de beroepsbevolking, wat iets meer is dan een kwartaal eerder. Vooral jongeren hebben relatief vaak geen baan.  ( 9 min )

Duizenden mensen adviseren elkaar in Telegram-groepen om autonoom te leven. Ze erkennen het gezag van de overheid niet en geloven dat ze niet aan financiële verplichtingen hoeven voldoen, zoals het betalen van boetes of bepaalde belastingen.  ( 9 min )

Netflix heeft de afgelopen maanden weer miljoenen nieuwe abonnees weten te trekken. Dat komt vooral doordat de streamingdienst een stokje stak voor het delen van accounts met vrienden en familie. Meer mensen namen daarom een eigen abonnement.  ( 9 min )

Nokia schrapt tot veertienduizend banen om kosten te besparen. Die ingreep moet de winstgevendheid op peil houden, meldt het Finse techbedrijf donderdag in een update over zijn strategie. Hoeveel banen in Nederland verdwijnen, is onduidelijk.  ( 8 min )

Het Openbaar Ministerie is een strafrechtelijk onderzoek begonnen naar Chemours in Dordrecht. Daarbij wordt ook gekeken of leidinggevenden van dat chemiebedrijf aansprakelijk zijn te stellen voor vervuiling. Dat meldt het OM.  ( 8 min )

Het aantal ziekmeldingen van werknemers is in september voor het eerst sinds februari weer gestegen. Mensen hebben vaker griep en melden zich ook veel ziek vanwege stress die mogelijk met een herfstdip te maken heeft, stellen arbodiensten ArboNed en HumanCapitalCare.  ( 10 min )

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Stocks slumped on Thursday as the US 10-year yield nudged 5%, and investors digested a speech by the Fed's Jerome Powell.  ( 54 min )

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Gemini, a cryptocurrency exchange helmed by the infamous Winklevoss twins, just got hit with a lawsuit alleging that it defrauded investors. The suit was brought forth by New York Attorney General Letitia James, the same AG currently prosecuting former president Donald Trump.  ( 33 min )

Can Sun, former FTX general counsel, took the stand on Thursday to testify on behalf of the prosecution’s case against Sam Bankman-Fried. Sun has a non-prosecution agreement in exchange for his cooperation. The Yale law school grad joined FTX at the end of August 2021 and stayed until early November 2022 shortly after the crypto exchange collapsed.  ( 34 min )

The Federal Reserve chairman made it clear that more monetary tightening is still possible if the economy stays surprisingly hot and a tight labor market stops easing.  ( 35 min )

“The amount of customer deposits held in Alameda Research and FTX.com accounts was way less than was owed to customers on FTX,” testified accounting professor Peter Easton on Wednesday.  ( 33 min )

Taiwan Semiconductor Manufacturing’s earnings commentary shows that demand for AI applications and Nvidia chips are improving. Nvidia stock should benefit.  ( 18 min )

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Investors were treading carefully as the US 10-year yield nudged 5%, with more earnings and a speech by the Fed's Jerome Powell in focus.  ( 50 min )

(Bloomberg) -- A Ladder Capital Corp. executive with close ties to Donald Trump testified that the firm approved a $160 million loan to the former president in 2015 based in part on his claim that he was worth $5.8 billion — a figure New York state alleges in its civil fraud case was inflated by more than 50%.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,  ( 34 min )

The Federal Reserve chairman made it clear that more monetary tightening is still possible if the economy stays surprisingly hot and a tight labor market stops easing.  ( 35 min )

Investors were treading carefully as the US 10-year yield nudged 5%, with more earnings and a speech by the Fed's Jerome Powell in focus.  ( 49 min )

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VMWare stock was falling on Thursday following a report that its purchase by infrastructure-software company Broadcom could be delayed by Chinese regulators.  ( 16 min )

The 4% rule has long provided guidance to retirees on how to maintain a safe withdrawal rate from retirement accounts. But with today’s low bond yields and stock market volatility, this once-steady rule of thumb looks increasingly open to change. A new approach detailed by John Hancock Investment Management suggests using diversified multi-asset income portfolios. […] The post Do You Follow the 4% Rule for Retirement Income? You May Want to Consider This Style of Portfolio appeared first on Smar  ( 34 min )

With $2.5 million in cash, $500,000 in an IRA and average Social Security benefits, someone who’s 67 is likely in a pretty good spot for retirement. However, retiring comfortably involves more than financial resources. It also requires balancing income and expenses. With that in mind, it may be necessary to reduce lifestyle costs or invest […] The post I’m 67 Years Old, Have $2.5 Million in Cash, $500k in an IRA and Social Security. Should I Retire Now? appeared first on SmartReads by SmartAsset  ( 34 min )

The deal filed in Pennsylvania federal court on Wednesday is subject to approval by District Judge Jennifer Wilson. A spokesperson for Walgreens and an attorney for Rite Aid investors did not immediately reply to requests for comment. The Rite Aid investors sued Walgreens and its executives over statements they made about the proposed merger between the two major U.S. pharmacy chains, which was first announced in 2015.  ( 33 min )

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Tesla shares tumbled in early trading after Chief Executive Elon Musk tempered expectations for the company’s new Cybertruck. “It's a great product, but financially, it will take, I don't know, a year to 18 months  ( 24 min )

Let’s talk about penny stocks. These are equities that trade for less than $5 per share, at the very bottom of the price range. While they are priced that low for a reason – and the reasons may vary – a low price in itself doesn’t mean that the stock’s fundamentals are sour. Smart investors can find some true bargains among penny stocks and set themselves up for outsized gains. The opportunity is linked to a simple question: Why is the company’s stock priced so low? If the answer is mainly benig  ( 36 min )

Union Pacific's earnings and sales fell in the third quarter as volumes declined and fuel prices rose. However, shares rose more than 4% as the rail operator reported per-share earnings above analysts’ expectations. Chief Executive Jim Vena said the company continues to face inflationary pressure  ( 23 min )

(Bloomberg) -- Discover Financial Services said third-quarter profit dropped 33% drop as write-offs climbed and the firm set aside more money to cover future loan losses. The shares fell the most in more than two months.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?Biden Vows Aid for Gaza, Backs Israel Over Hospital BlastTrump  ( 33 min )

Another round of regional banks reported third-quarter earnings, with the results pointing to mounting expense pressures on midsize and smaller players. Here are the highlights: **Ke  ( 24 min )

Walt Disney has disclosed ESPN’s financial figures separately for the first time. They might come as a disappointment, analysts say.  ( 17 min )

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Many would-be millennial homebuyers feel locked out of this market.  ( 35 min )

Costco’s CEO is stepping down. COO Ron Vachris will succeed Craig Jelinek starting Jan. 1.  ( 16 min )

Employers are paying for costly benefits that employees don't find useful.  ( 32 min )

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AT&T’s core cellphone business kept growing in the third quarter, lifting revenue and spurring the company to raise its full-year outlook for free cash flow. Shares, down about 22% so far this year, jumped 4.3% to $14.93 in premarket trading. In the third quarter, the Dallas company added 468,000  ( 23 min )

Blackstone reported third-quarter earnings on Thursday, disclosing it has amassed more than $200 billion to invest in a market in which deal opportunities are nonetheless muted. Some key highlights from the results: Blackstone reported net income of roughly $552 million for the quarter, or about  ( 25 min )

The telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.  ( 15 min )

American Airlines is reporting a $545 million loss for the third quarter in contrast with the huge profits posted by its two closest rivals. American said its results were dragged down by $983 million in charges related to a new labor contract with its pilots, but United Airlines and Delta Air Lines reached similar deals with their pilots and still earned $1.1 billion each in the quarter. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago.  ( 33 min )

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Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.  ( 34 min )

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Truist Financial reported a near 31% drop in third-quarter profit on Thursday as the lender's interest income from mortgages and credit-card debt declined while it allocated more funds towards rainy-day reserves to cover potential sour loans. Analysts had forecast the boost from higher interest income would diminish as banks pay more to retain deposits and prevent clients from shifting to money-market funds for higher risk-free returns. Truist's net interest income for the three months ended Sept. 30 fell 4.3% to $3.62 billion, compared with a year earlier.  ( 33 min )

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The telecommunications giant adds more wireless and broadband subscribers than expected in the third quarter.  ( 15 min )

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The company said it expects full-year free cash flow of about $16.5 billion, up from its prior forecast of $16 billion or higher. Its third-quarter figure of $5.2 billion also handily beat estimates, according to Visible Alpha. AT&T has in recent months tried to stand out in the competitive U.S. market with offers, including a hefty discount on the iPhone 15 series that some analysts consider to be one of the most aggressive in the industry.  ( 33 min )

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(Bloomberg) -- A drumbeat of bad news for Apple Inc. is casting doubt on the argument that the world’s most valuable company is immune to risks related to economic turbulence.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?QQQ Advances in Late Trading as Tesla Rebounds: Ma  ( 35 min )

Federal Reserve Chairman Jerome Powell is delivering a speech on Thursday that will provide clues about where the central bank sees policy headed next.  ( 33 min )

The bottom line for investors is that the longer the rise in yields persists, the greater the chance that the Fed breaks something.  ( 35 min )

(Bloomberg) -- If 10-year US Treasury yields hit 5% or higher, that’s a good entry point for investors, according to Morgan Stanley Investment Management. Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearTesla Tempers Growth Expectations as Musk Sees Storm AheadBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastWhere Does Israel Get Its 220,000 Barrels of Oil Every Day?QQQ Advances in Late Trading as Tesla Rebounds: Markets Wrap“Those wil  ( 34 min )

TSMC stock rose after it said that demand for the latest chip technology was helping to offset a glut of semiconductors caused by the fall in demand for consumer electronics.  ( 18 min )

Nokia announces plans to cut up to 14,000 jobs as part of a cost-saving initiative after profit tumbled 69% in the third quarter.  ( 16 min )

Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion, compared with the same three-month period last year. “We continue to believe in the mid- to long-term attractiveness of our markets,” Nokia CEO Pekka Lundmark said in a statement.  ( 33 min )

(Bloomberg) -- Elon Musk is dialing back expectations for Tesla Inc. as years of rapid expansion collide with rising interest rates and a more cost-conscious consumer.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Market  ( 34 min )

(Bloomberg) -- A selloff in Asian shares deepened, as investors fretted over higher Treasury yields and escalating tensions in the Middle East.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearYields on 10-year  ( 35 min )

China's State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after US President Joe Biden's administration introduced tougher chip controls on Tuesday, the report added, citing people familiar with the matter. VMWare and Broadcom did not immediately respond to Reuters request for comment. China's State Administration of Market Regulation could not immediately be reached for comment.  ( 33 min )

SAP shares jumped after the German group posted higher revenue and operating profit for the third quarter, led by growth at its core cloud business..  ( 27 min )

Roche reiterated its financial outlook for 2023 after it reported a 6% fall in revenue for the first nine months, with growth in its pharmaceutical division overshadowed by a sharp drop in diagnostics sales due to weaker Covid-19-related demand.  ( 27 min )

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. posted better-than-expected net income in the third quarter after demand for artificial intelligence chips remained strong.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This YearHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Reboun  ( 34 min )

Nokia launched a plan to cut as many as 14,000 jobs as it seeks to save up to €1.2 billion after it posted a 45% fall in profit in the third quarter.  ( 27 min )

The world’s largest contract chip maker said third-quarter net profit declined 25% from a year earlier, though it projected stronger revenue in the current quarter.  ( 28 min )

Taiwanese chipmaker TSMC posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and servers and coming off a high base last year. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, saw July-September net profit fall to T$211 billion from T$280.9 billion a year earlier. The profit beat a T$195.5 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.  ( 32 min )

Finnish telecom gear group Nokia on Thursday said it will cut up to 14,000 jobs as part of a new cost savings plan after third-quarter sales drop 20% due to slowing sales of 5G equipment in markets such as North America. The company is targeting between 800 million euros ($842 million) and 1.2 billion euros in cost savings by 2026 as it seeks to be on track to deliver its long-term comparable operating margin plan of at least 14% by 2026. The program is expected to lead to a 72,000-77,000 employee organization compared to the 86,000 employees Nokia has today, the company said in a statement.  ( 33 min )

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Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand. Tesla CEO Elon Musk said he was worried that higher borrowing costs would prevent potential customers from affording its vehicles despite substantial price cuts, and that he would wait for clarity on the economy before ramping up its planned factory in Mexico. "People hesitate to buy a new car if there's uncertainty in the economy," Musk said on a post-earnings call where he also talked about "paycheck-to-paycheck" pressures on American workers.  ( 34 min )

(Bloomberg) -- Chinese investors offloaded the most US bonds and stocks in four years in August, fueling speculation the authorities may have moved to beef up their war chest to defend a weakening yuan.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyUPenn Donors Pile Pressure on School  ( 32 min )

Shale companies turn to mergers to address reserve replacement challenges, with Pioneer Natural Resources and Devon Energy leading the way.  ( 36 min )

Netflix said its operating margin has more room to run after the company beat earnings expectations on both the top and bottom lines and reported a surge in subscribers.  ( 35 min )

Tesla’s profit tumbled 44% in the third quarter as the impact of steep price cuts continued to take a toll on the electric-car maker’s bottom line.  ( 29 min )

It’s two years out from the COVID lockdowns, and some patterns are becoming clear. One that was not anticipated was a surge in reshoring of basic industries. The pandemic era highlighted vulnerabilities in our supply chain, and the government responded with a push to bring manufacturing back onto US shores. That push has included federal subsidies and incentives, but the motive remains simple: to reduce our dependence on foreign suppliers for everyday goods. The incentives have not been evenly a  ( 36 min )

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Tesla shares turned negative in after-hours trading after Chief Executive Elon Musk tempered expectations on the company’s new Cybertruck. “It's a great product, but financially, it will take, I don't know, a year to 18 months before it is a significant positive cash flow contributor,” Musk said on  ( 24 min )

The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.  ( 21 min )

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COO Ron Vachris will succeed Jelinek starting Jan. 1.  ( 16 min )

(Bloomberg) -- Devon Energy Corp., an Oklahoma City-based oil and gas company, is studying major acquisition targets as it seeks to gain scale in US shale, according to people familiar with the matter. Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastHospital Blast Kills Hundreds as Israel, Hamas Trade BlameQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapUPenn Donors Pile Pressure on School as David Magerman Pulls SupportWealthy Travelers Have Found an  ( 34 min )

The electric-vehicle maker reported adjusted earnings per share of 66 cents. Wall Street was looking for 70 cents.  ( 19 min )

Tesla's third-quarter results are out, and price cuts hurt the electric-car pioneer's profit. Get the Journal's full story on the results here. Here's what the company reported, versus what analysts expected, accor  ( 23 min )

Maybe you didn’t know how bad the affordability situation has gotten in the housing market. (It's really bad.)  ( 35 min )

CD rates have been on a 20-month climb, setting new records in several terms. With rates already at their highest level in more than 20 years, will they go higher still?  ( 21 min )

Netflix reported earnings after the bell on Wednesday. Here's what to know.  ( 33 min )

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The company has since January resorted to steep price cuts and discounts, including reductions of more than 6% across models in the third quarter, to propel sales at a time when overall demand is under pressure. While those efforts drove up sales in the first half of the year, planned factory retooling to prepare for production of new models throttled Tesla's deliveries between July and September. Investors and analysts expect more price cuts as the automaker aims to deliver a record 476,000 vehicles in the fourth quarter to meet its annual target.  ( 33 min )

The company has since January resorted to steep price cuts and discounts, including reductions of more than 6% across models in the third quarter, to propel sales at a time when overall demand is under pressure. While those efforts drove up sales in the first half of the year, planned factory retooling to prepare for production of new models throttled Tesla's deliveries between July and September. Investors and analysts expect more price cuts as the automaker aims to deliver a record 476,000 vehicles in the fourth quarter to meet its annual target of 1.8 million vehicles.  ( 33 min )

Earnings, as well as Middle East tensions, weighed on markets Wednesday.  ( 44 min )

The precious metal has often been considered a safe-haven asset for investors. But Lee Munson, the CIO at Portfolio Wealth Advisors, says the high rate environment makes it unattractive.  ( 34 min )

The Sam Bankman-Fried trial is 11 days in and witnesses continue to take the stand on behalf of the prosecution’s case. The defamed former co-founder of FTX and Alameda is on trial for seven criminal charges related to fraud and money laundering. On Wednesday, Peter Easton, an accounting professor at University of Notre Dame, testified regarding whether or not the FTX collapse was predicated on fraud.  ( 33 min )

Procter & Gamble said profit rose 15% in its fiscal first quarter after price increases offset lower volumes across three out of its five categories. Higher prices boosted the top line by 7% in the latest period, while sales volume declined 1%. The company's shares rose more than 2% in afternoon tr  ( 25 min )

The drugstore chain has faced issues from failed mergers to hundreds of lawsuits over the opioid crisis.  ( 31 min )

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Relentless government bond losses sent a large BlackRock Treasury bond exchange-traded fund to an all-time low price on Wednesday. BlackRock's iShares 10-20 year Treasury Bond ETF (ticker: [TLH](https:/  ( 24 min )

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Yes, inflation is a tax on incomes, finds NYU’s Edward Nathan Wolff, but it also shrinks debts and can boost asset values, like homes.  ( 35 min )

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Rates on 30-year mortgages have surged another quarter point, pushing the 30-year average well above its recent 23-year high. Rates jumped for almost every loan type.  ( 19 min )

Openly discussing the topic can be uncomfortable. But you've probably wondered who can be considered truly rich and whether you fit that definition (or ever will). According to Schwab's 2022 Modern Wealth Survey, the average American thinks being rich means … Continue reading → The post How Do You Know If You Are Rich? appeared first on SmartAsset Blog.  ( 34 min )

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Real estate investments can be lucrative assets. However, they can also incur capital gains taxes that weaken your profits. Fortunately, you can implement tactics that reduce capital gains taxes so you can keep more of your money. Although the IRS … Continue reading → The post Capital Gains Tax on Real Estate Investment Property appeared first on SmartAsset Blog.  ( 35 min )

Berkshire Hathaway Inc. Chairman and CEO Warren Buffett is no ordinary gift recipient. Known for his extraordinary success in investing, he has remained one of the world's wealthiest people for years. Shopping for a family member is often challenging, but when that family member is Buffett, the dilemma becomes even more unique: What can you possibly give a billionaire who already has everything? Mary Buffett, who was married to Warren Buffett's son Peter, faced this question during their first C  ( 35 min )

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Aerospace supplier Spirit AeroSystems said its key customer, Boeing, has agreed to help it through its production problems.  ( 19 min )

HARVARD BUSINESS SCHOOL Dean Srikant Datar Seven tenured professors at Harvard Business School, remaining anonymous out of fear of retaliation by Dean Srikant Datar, say his handling of the Francesca Gino case has rocked ... The post Harvard Business School Dean Srikant Datar Comes Under Attack From Seven Tenured Profs appeared first on Poets&Quants.  ( 37 min )

In the world of dividend stocks, most companies follow a quarterly distribution schedule. Imagine a scenario where, instead of waiting for a dividend check every three months, you are getting paid every month. It's entirely feasible. A select group of companies pays monthly dividends. Realty Income Corp. (NYSE:O), for instance, has been doing so for decades. Because tenants typically pay rent every month, real estate has been a popular sector for investors looking to earn passive monthly income.  ( 34 min )

Ken Fisher has a problem with the Fed, decrying it as ‘idiotic.’ And investors, says the billionaire stock picker, should not pay too much attention to its announcements. “Maybe you’re still worried about what the Fed says,” wonders the Fisher Investments founder. “The September minutes warned of higher rates for longer. But here’s a little secret: The Fed never has a clue what it will do. In May 2022, Fed Chairman Jerome Powell said, ‘a 75 basis point increase is not something that the committe  ( 36 min )

Tesla shares have underperformed the market over the past three months. Investors will be hoping the electric-vehicle maker’s Q3 earnings, coming after the bell on Wednesday, could rectify that situation.  ( 34 min )

Arm initiated, SQM downgraded: Wall Street's top analyst calls  ( 35 min )

Several big regional banks are out with third-quarter results. The results are a mixed bag so far. They disclosed more stable deposits—a relief after outflows at many banks earlier this year. But some  ( 24 min )

Spirit Aeroystems shares advanced more than 20% Wednesday after the aircraft parts supplier said it had reached a tentative agreement with Boeing that would include some price increases for Spirit. Spir  ( 23 min )

Airlines’ earnings are shaping up to be historic. United, Delta reported, and American is on tap.  ( 18 min )

The Biden administration's new restrictions on AI chip distribution to China could hurt Nvidia's business overseas.  ( 34 min )

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Billionaire founder Jensen Huang can no longer sell two lucrative chips specially designed for the Chinese market, because they might help boost its military capabilities.  ( 34 min )

Rite Aid said it plans to shutter 154 locations across the nation, with many of the stores slated for closure in California and Pennsylvania.  ( 33 min )

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The volume of U.S. mortgage applications plummeted to the lowest in nearly three decades last week as the interest rate on the most popular type of home loan rose for a sixth straight week to the highest since 2000, the latest data to point to no near-term relief for the slumping housing market. The Mortgage Bankers Association's weekly index of mortgage application activity fell 6.9% in the week ended Oct. 13 to 166.9, the lowest since May 1995. Applications for loans to buy a home fell 5.6% to the lowest since February 1995 and applications to refinance an existing mortgage tumbled 9.9% to the lowest since January.  ( 33 min )

Net interest income is being helped by the Federal Reserve's aggressive pace of rate hikes.  ( 14 min )

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Investment banking and trading fell at Morgan Stanley, demonstrating the many challenges still roiling Wall Street.  ( 33 min )

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(Bloomberg) -- Ally Financial Inc. posted third-quarter profit that beat analyst estimates even as consumers struggled to make loan payments.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameBiden Says Israel Probably Wasn’t Behind Gaza Hospital BlastIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastOil Jumps; Futures Fall as Morgan Stanley Drops: Markets WrapTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapThe auto lender reported $269  ( 33 min )

US Bancorp beat estimates for third-quarter profit on Wednesday, as higher interest income from loans offset a hit from bigger credit-loss provisions. The U.S. Federal Reserve's aggressive monetary tightening over the past year to tame inflation has boosted profits at consumer-facing banks as customers pay a higher rate on their mortgages and credit card debt. Net interest income, which is the difference between what banks earn from lending and pay out on deposits, for the third quarter ended Sept. 30 rose 10.7% to $4.27 billion for USB.  ( 33 min )

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(Bloomberg) -- Oil prices rallied more than 3% and stocks fell as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile P  ( 35 min )

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P&G delivers another better-than-expected quarter.  ( 34 min )

If you have $1 million in a 401(k) and collect a pension, you may be in a position to delay Social Security until age 70. Doing so can boost your monthly benefit by up to 24%. However, delaying Social Security will mean you’ll have to rely more heavily on your savings for several years and […] The post I Have $1 Million in Savings and a Pension. Should I Delay Social Security and Rely on My 401(k) for 8 Years? appeared first on SmartReads by SmartAsset.  ( 35 min )

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Brian Moynihan, the CEO of Bank of America, said although consumers are buying less, some families are beginning to spend more than they're bringing in.  ( 34 min )

I currently have $680,000 in a 401(k), $150,000 in savings and a pension of $1,600 per month. Can I retire at age 62? – Hieu This is a good question and the answer depends primarily on what your expenses are and how much you will collect from Social Security. What we can do here is […] The post Ask an Advisor: I Have $680K in a 401(k), a Monthly Pension of $1,600 and Another $150K in Cash. Can I Retire at 62? appeared first on SmartReads by SmartAsset.  ( 35 min )

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(Bloomberg) -- The Federal Reserve faces potential policy pitfalls ahead as it wrestles with how to respond to investor angst about the US government’s $33.5 trillion mountain of debt.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?UPenn Donors Pile Pressure on School as David Magerman P  ( 35 min )

ASML forecast flat revenue for 2024 as chip manufacturers are uncertain about the timing of the recovery in semiconductor demand.  ( 17 min )

United Airlines says the Israel-Hamas war will hit fourth-quarter results, and ASML expects flat revenue in 2024. Morgan Stanley, Procter & Gamble, Tesla, and Netflix are scheduled to report earnings Wednesday.  ( 21 min )

The property giant was once considered one of the safest developers in China, but the country’s property slowdown has claimed another victim.  ( 30 min )

ASML said it sees 2024 as a transition year, expecting revenue to be similar to 2023, given uncertainty around the demand recovery in the semiconductor industry.  ( 26 min )

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When Laima Springe-Janssen was looking to replace her French-made gasoline-powered SUV with an electric car, she considered models from Volvo and Nissan. The Volvo extras she wanted would have busted her budget, while the Nissan lacked the “wow factor.” The Copenhagen, Denmark, resident ended up buying a compact SUV from China’s BYD.  ( 41 min )

Charles Schwab can maintain its big lead over its rivals despite gripes among some advisors about the transition from TD Ameritrade.  ( 43 min )

Distributions from you 401(k) plan don't affect the amount of your Social Security benefits, but they can affect whether they're subject to income tax.  ( 28 min )

(Bloomberg) -- Carl Icahn criticized short sellers on Tuesday, months after his firm became the target of one. Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Biden’s Visit to Jordan, Arab Summit ScrappedHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Putin Arrives in China to Meet Xi on Rare International Trip“I think there’s a place for short sellers without question but to go ou  ( 33 min )

Gold prices rose on Wednesday after a deadly blast in Gaza fuelled fears of an escalating regional conflict, keeping the safe-haven asset in demand among nervous investors despite robust U.S. economic data and a high rate scenario. FUNDAMENTALS * Spot gold climbed 0.4% to $1,929.89 per ounce by 0123 GMT, and U.S. gold futures also jumped 0.4% to $1,942.70. About 500 Palestinians were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other and that ignited protests in the West Bank and around the Middle East.  ( 33 min )

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Brent crude futures jumped $1.62, or 1.8%, to $91.49 a barrel at 0148, with markets also braced for Chinese GDP numbers. West Texas Intermediate crude (WTI) futures were up $1.77, or 2%, at $88.43 a barrel. U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday.  ( 33 min )

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Most U.S. workers are automatically enrolled in the Social Security program, but a few groups are exempt from paying taxes into the Social Security system.  ( 26 min )

The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.  ( 19 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 19 min )

The electric car maker has cut into profits by repeatedly slashing prices in an effort to drum up demand to little effect.  ( 17 min )

CD rates have been on a 20-month climb, setting new records in several terms. With rates already at their highest level in more than 20 years, will they go higher still?  ( 21 min )

The S&P 500 tumbled 1.3% on Wednesday, Oct. 18, 2023, with concerns about corporate earnings and the possibility that fighting between Israel and Hamas may escalate further.  ( 16 min )

The ongoing consumer spending spree that’s propped up the economy and baffled economists in recent months could continue going strong, according to a new analysis.  ( 19 min )

Albemarle shares sank after Bank of America downgraded the stock because of expected softness in the lithium market.  ( 16 min )

Despite rumors of an upcoming price increase on its ad-free plans, Netflix's crackdown on password sharing has helped to boost subscriber numbers and revenue.  ( 17 min )

J.B. Hunt shares tumbled after the shipping giant missed profit and sales estimates as freight prices declined.  ( 17 min )

This guide explains the stimulus and relief efforts undertaken by the U.S. government during the COVID-19 crisis.  ( 43 min )

Amazon's new robotic system, Sequoia, reduces processing time, increasing the number of goods available for same-day or next-day delivery.  ( 17 min )

Bitcoin mining is how new bitcoins enter into circulation. It's also a critical component of the security of the blockchain ledger.  ( 30 min )

Half of global fund managers surveyed by Bank of America see a weaker worldwide economy over the next 12 months, the bank said in its October 2023 Fund Manager Survey.  ( 18 min )

Shares of Boeing supplier Spirit AeroSystems jumped after reaching a production agreement with Boeing to shore up its production system after quality issues delayed deliveries.  ( 17 min )

China's economy, the world's second-biggest, grew more than expected in the third quarter, boosted by rising industrial production and consumer spending.  ( 18 min )

Web 2.0 refers to the current version of the Internet; Web 3.0 is its next iteration, which will be decentralized, open, and of greater utility.  ( 27 min )

Semiconductors are a key part of the electronic devices that have revolutionized our lives. In the stock market, the semiconductor sector has a history of ups and downs.  ( 24 min )

Personal loans are available for consumers who went through bankruptcy, but they tend to be expensive.  ( 25 min )

Investors and professionals measure the total stock market with major indexes, such as the Dow Jones Industrial Average or the Nasdaq 100 Index.  ( 23 min )

In 2023, the average disability benefit for a recipient of SSDI is $1,489 per month. The maximum SSDI payment is $3,627 per month. The amounts are increased annually.  ( 26 min )

Lofty mortgage rates continue to discourage refinancing, while escalating insurance rates also help make buying a house out of reach for many.  ( 17 min )

Primary Dealer Credit Facility was an institution created by the Federal Reserve to provide overnight loans to primary dealers in exchange for collateral.  ( 21 min )

U.S. equities were lower at midday on Wednesday, Oct. 18, 2023, as the latest corporate earnings reports presented a mixed picture, and as concerns rose about fighting in Israel.  ( 16 min )

Semiconductor equipment maker ASML's orders were much lower than expected, and the company warned sales will be flat in 2024.  ( 17 min )

A debit note is a document used by a purchaser to inform a vendor of the quantity and dollar amount of goods being returned.  ( 24 min )

Personal Financial Specialist (PFS) is a specialty credential for CPAs who are experts at helping individuals with all aspects of wealth management.  ( 24 min )

Nvidia is teaming up with Apple supplier Foxconn to set up AI-powered data centers for a wide range of applications, including electric vehicle and robotics platforms.  ( 17 min )

3 kinds of indexing for ETF success include the market-cap-weighted index, the equal-weighted index, and the fundamental index.  ( 28 min )

Rates on 30-year mortgages have surged another quarter point, pushing the 30-year average well above its recent 23-year high. Rates jumped for almost every loan type.  ( 19 min )

Morgan Stanley shares slumped after reporting third quarter profit declined as sales at its wealth management and investment banking units fell short of estimates.  ( 17 min )

These planning tips could maximize your Social Security income benefits, which can significantly enhance your financial security in retirement.  ( 28 min )

Ameribor is an interest rate benchmark that reflects the actual unsecured borrowing costs of banks and financial institutions.  ( 24 min )

You've probably contributed to this fund, but will you reap the benefits? Find out if you're eligible, how to calculate benefits, and whether the funds will last.  ( 27 min )

Climate change and short-term weather uncertainty has boosted interest in listed weather derivatives, but inherent challenges still limit their market potential.  ( 20 min )

Capital expenditures are major investments of capital to expand a company's business. Revenue expenses are short-term expenses to meet the ongoing operational costs of running a business.  ( 24 min )

The bond market can be broken down into three main groups: issuers, underwriters, and purchasers. Learn what each set of players is responsible for.  ( 24 min )

Procter & Gamble's gross margin continued to improve thanks to higher prices on many goods and production savings.  ( 17 min )

The Purple Book is an annual list of legislative recommendations on how to improve taxpayer services in the U.S.  ( 23 min )

A new survey shows inflation is causing a majority of retirement savers to rethink their strategy, with 75% saying they need to save more than planned  ( 18 min )

Amazon is expected to introduce new artificial intelligence and robotics tech in its warehouses to reduce delivery times, and J. B. Hunt shares fell after reporting profits tumbled amid a decline in demand. Here’s what investors need to know today.  ( 18 min )

Euro LIBOR is the London Interbank Offered Rate denominated in euros, which banks offer each other for large, short-term loans.  ( 24 min )

Distributions from you 401(k) plan don't affect the amount of your Social Security benefits, but they can affect whether they're subject to income tax.  ( 28 min )

If your goals include a big paycheck and working for a Wall Street firm, then you need to learn how to meet employers' expectations.  ( 24 min )

Here is an economic portrait of the average American consumer, based on recent spending habits.  ( 23 min )

A statutory stock option is a type of tax-advantaged employee stock option offered to employees by employers.  ( 24 min )

Roll's critique is an economic idea that suggests that it is impossible to create or observe a truly diversified market portfolio.  ( 20 min )

Accounting Standards Executive Committee (AcSEC) is now called the Financial Reporting Executive Committee.  ( 20 min )

The S&P 500 tumbled 1.3% on Wednesday, Oct. 18, 2023, with concerns about corporate earnings and the possibility that fighting between Israel and Hamas may escalate further.  ( 1 min )

Lofty mortgage rates continue to discourage refinancing, while escalating insurance rates also help make buying a house out of reach for many.  ( 1 min )

U.S. equities were lower at midday on Wednesday, Oct. 18, 2023, as the latest corporate earnings reports presented a mixed picture, and as concerns rose about fighting in Israel.  ( 1 min )

Keep updated on the latest events that are effecting markets, the economy, and your portfolio.  ( 1 min )

Climate change and short-term weather uncertainty has boosted interest in listed weather derivatives, but inherent challenges still limit their market potential.  ( 1 min )

Stock futures were lower in premarket trading Wednesday while oil prices rose as finger-pointing over a deadly blast at a Gaza hospital Tuesday afternoon threatens to escalate the ongoing conflict between Israel and Hamas.  ( 1 min )

Amazon is expected to introduce new artificial intelligence and robotics tech in its warehouses to reduce delivery times, and J. B. Hunt shares fell after reporting profits tumbled amid a decline in demand. Here’s what investors need to know today.  ( 1 min )

Grote pensioenfondsen staan er financieel beter voor dan enkele maanden geleden, waardoor een verhoging van de pensioenen dichterbij komt. Maar door de overgang naar een nieuw stelsel zijn de fondsen voorzichtig met het daadwerkelijk verhogen.  ( 9 min )

Bedrijven en consumenten kopen massaal Israëlische en Palestijnse vlaggen. De Dokkumer Vlaggen Centrale (DVC) heeft afgelopen week al duizenden van deze vlaggen verkocht. Nog populairder is de vredesvlag, waarmee gemeenten en bedrijven geen partij hoeven te kiezen.  ( 8 min )

Het elektriciteitsnet is in bijna alle provincies grotendeels vol. Steeds meer consumenten en bedrijven maken gebruik van warmtepompen, zonnepanelen en laadpalen. Vanaf 2025 investeren netbeheerders jaarlijks 8 miljard euro om aan de stijgende vraag te voldoen en knelpunten te voorkomen.  ( 11 min )

Het elektriciteitsnet is momenteel in bijna alle provincies grotendeels vol aangezien steeds meer consumenten en bedrijven gebruikmaken van warmtepompen, zonnepannelen en laadpalen. Netbeheerders investeren vanaf 2025 8 miljard euro per jaar om aan de stijgende vraag te voldoen en knelpunten te voorkomen.  ( 11 min )

De inflatie in het Verenigd Koninkrijk was in september 6,7 procent. Dat is precies even hoog als in augustus. Dat betekent dat de afname van de inflatie is gestopt, terwijl de Britse centrale bank ook is gestopt met renteverhogingen.  ( 8 min )

De inflatie in het Verenigd Koninkrijk was in september 6,7 procent. Dat is precies even hoog als in augustus. Dat betekent dat de afname van de inflatie is gestopt, terwijl de Britse centrale bank ook is gestopt met renteverlagingen.  ( 8 min )

Het elektriciteitsnet in ons land wordt de komende jaren flink uitgebreid. Netbeheerders investeren vanaf 2025 8 miljard euro per jaar om aan de stijgende vraag van consumenten en bedrijven te voldoen en knelpunten te voorkomen.  ( 11 min )

Ook woensdag blijven alle winkels van BCC dicht, meldt de failliete elektronicaketen op X. Dinsdag bleven de winkels ook al gesloten, omdat de faillissementsuitverkoop tot grote drukte had geleid en de keten zich zorgen maakt om de veiligheid van het personeel.  ( 9 min )

QatarEnergy gaat de komende 27 jaar tot 3,5 miljoen ton vloeibaar gemaakt aardgas (lng) per jaar aan Shell in Nederland leveren. Die hoeveelheid is voldoende om ruim 3,1 miljoen huishoudens van gas te voorzien.  ( 9 min )

In de Rotterdamse haven wordt binnenkort gestart met het Porthos-project, waarbij CO2 wordt afgevangen en opgeslagen onder de zeebodem. De betrokken partijen maakten woensdag bekend dat ze definitief hebben besloten het omstreden project door te zetten.  ( 9 min )

Als het aan de Tweede Kamer ligt, gaan er vanaf 2025 in de spits vier intercity's per uur vanuit de Randstad naar Groningen rijden. Later moet dat ook buiten de spits zo zijn, maar daar zijn aanpassingen van het spoor voor nodig.  ( 9 min )

De lidstaten van de Europese Unie hebben een akkoord bereikt over nieuwe regels voor de stroommarkt. Zo moet voorkomen worden de prijzen voor elektriciteit weer zo hoog oplopen als in de voorbij twee jaar.  ( 8 min )

Mensen uit Nieuw-Zeeland en de Filipijnen die met een nieuw account berichten willen delen op X, moeten daarvoor gaan betalen. Het gaat om respectievelijk 80 en 70 eurocent per jaar. De bedoeling is dat dit abonnement bots en spammers tegenhoudt.  ( 9 min )

De Chinese economie is in het derde kwartaal met 4,9 procent gegroeid ten opzichte van een jaar eerder. De verwachting was dat de tweede economie ter wereld het door onder meer een wankele vastgoedsector juist minder goed zou doen.  ( 9 min )

De Verenigde Staten leggen bedrijven nieuwe beperkingen op voor de chiphandel met China en die pakken negatief uit voor ASML. Wel denkt de Veldhovense chipmachinefabrikant dat de gevolgen beperkt blijven.  ( 9 min )

Om plastic zwerfafval tegen te gaan, mogen fabrikanten in de EU vanaf komende zomer alleen flessen met vaste doppen maken. Sommige bedrijven experimenteren daar nu al mee, al blijft het wennen. "We zagen de klant ineens naar de concurrent grijpen."  ( 10 min )

Albemarle shares sank after Bank of America downgraded the stock because of expected softness in the lithium market.  ( 1 min )

J.B. Hunt shares tumbled after the shipping giant missed profit and sales estimates as freight prices declined.  ( 1 min )

Shares of Boeing supplier Spirit AeroSystems jumped after reaching a production agreement with Boeing to shore up its production system after quality issues delayed deliveries.  ( 1 min )

Amazon's new robotic system, Sequoia, reduces processing time, increasing the number of goods available for same-day or next-day delivery.  ( 1 min )

Nvidia is teaming up with Apple supplier Foxconn to set up AI-powered data centers for a wide range of applications, including electric vehicle and robotics platforms.  ( 1 min )

Semiconductor equipment maker ASML's orders were much lower than expected, and the company warned sales will be flat in 2024.  ( 1 min )

Morgan Stanley shares slumped after reporting third quarter profit declined as sales at its wealth management and investment banking units fell short of estimates.  ( 1 min )

Procter & Gamble's gross margin continued to improve thanks to higher prices on many goods and production savings.  ( 1 min )

Learn how prepaid expenses are recorded on a company's financial statements, including why prepaid expenses are considered assets.  ( 24 min )

The income you earn during your working years is a major factor in calculating your Social Security benefits. See how much of a monthly benefit you could receive.  ( 28 min )

Downturns in the business cycle cause cyclical unemployment, so policymakers should focus on expanding output, which can be achieved by stimulating demand.  ( 24 min )

The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.  ( 19 min )

For the first time ever, some taxpayers will be able to file their taxes online directly with the IRS for free, without using a third-party service like TurboTax or H&R Block.  ( 18 min )

The federal government annually limits how much of your earnings are subject to the Social Security tax.  ( 27 min )

The S&P 500 dipped 0.01% on Tuesday, Oct. 17, 2023, as news that retail sales jumped more than expected in September renewed concerns about more Fed rate hikes.  ( 18 min )

Luxury EV carmaker Lucid Group reported deliveries of its Air sedan that fell far short of analysts' estimates.  ( 17 min )

Rates on 30-year mortgages rose for a second day, adding an eighth of a point over last week's low point. Most other averages also moved up, though jumbo rates were flat.  ( 22 min )

General Motors delayed to late 2025 plans to convert the Orion Assembly plant to electric vehicle production as the United Auto Workers strike continues against it and the other Big Three automakers, Ford and Stellantis.  ( 17 min )

The Supertrend Indicator Is a Popular Technical Analysis Tool Designed to Assist Traders in Identifying Market Trends  ( 25 min )

The Mission Investors Exchange (MIE) is a nonprofit association that supports and connects foundations and other mission-focused organizations engaged in impact investing.  ( 22 min )

Shares of VF Corp. soared close to 14% Tuesday as activist investor Engaged Capital disclosed plans to try to boost the apparel retailer's value after taking a major stake in the firm.  ( 17 min )

Covered Call ETFs Sell Call Options on Securities They Own, Generating Income for Investors and Helping Protect Against Volatility.  ( 22 min )

Alphanomics Combines Finance, Economics, and Behavioral Science To Take Advantage of Investment Opportunities.  ( 28 min )

Social Security isn't going away, but the fund may not have enough reserves to pay full benefits by the time you retire unless Congress acts. Learn more.  ( 27 min )

There are good reasons shoppers at the warehouse club Costco, known for its inflation-proof $1.50 hot dog and soda deal, have been stocking up on something a bit fancier: 1-ounce bars of gold.  ( 20 min )

The Social Security trust funds receive payroll taxes, pay out benefits, and invest any surplus in special government-backed securities.  ( 27 min )

Affluent investors are increasingly relying on financial advisors amid economic uncertainty, according to research from Cerulli Associates.  ( 17 min )

The final day on which a futures contract can be bought or sold is its expiration date.  ( 25 min )

Taylor Swift has amassed a net worth of an estimated $740 million, thanks to record-breaking concert ticket and album sales, as well as a sprawling real estate empire.  ( 24 min )

Liquidity preference theory concerns how stakeholders value cash relative to receiving interest over varying lengths of time.  ( 28 min )

Choice Hotels offered stockholders $90 for each Wyndham share owned, with an option to choose cash, stock, or a combination of cash and stock.  ( 17 min )

From the Japanese bubble to overseas manufacturing, violent swings in exchange rates and the value of the yen have affected the Japanese economy.  ( 26 min )

When self-employed, you must pay the full 12.4% tax rate, rather than the 6.2% when employed by someone else. But there are deductions to help lighten the tax burden.  ( 29 min )

Investors Often Confuse Blockchain and Bitcoin. This Confusion Carries Over into ETFs. How Do Blockchain ETFs and Bitcoin ETFs Differ?  ( 26 min )

A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals.  ( 27 min )

The Builder Confidence Index fell for the third consecutive month to 40 from 44 in September, as higher rates are keeping buyers on the sidelines.  ( 17 min )

Tesla will recall 54,676 Model X vehicles made between 2021 and 2023, for reported failures to display a warning light for low brake-fluid levels.  ( 17 min )

Rates on 30-year mortgages have been bobbing around above 8%, rising now to their highest point in ten days. Averages were up for most other loan types as well.  ( 18 min )

U.S. equities were mixed at midday on Tuesday, Oct. 17, 2023 following a report showing retail sales jumped well above expectations in September, raising concerns of more Fed interest rate hikes ahead to fight inflation.  ( 16 min )

Johnson & Johnson beat profit and sales estimates and boosted its outlook as pharmaceutical and medical device sales gain while demand for COVID-19 vaccines wanes.  ( 16 min )

Both employers and employees each pay half of the Social Security payroll tax, which is a set percentage of your income. The self-employed pay the full rate of 12.4%.  ( 29 min )

Have you ever wondered how the tax system was formed? U.S. taxes have faced many changes since they were introduced in the country.  ( 26 min )

Can anything stop U.S. consumers from spending? Not so far, according to the latest figures on retail sales.  ( 18 min )

Bank of America's earnings and revenue exceeded forecasts, boosted by an increase in interest income because of higher borrowing costs.  ( 17 min )

With Apple leading the pack and other tech firms following, these are the 10 most profitable companies in the world by 12-month trailing net income.  ( 24 min )

These investment vehicles provide exposure to Bitcoin without the added expenses and hassle of owning the cryptocurrency.  ( 24 min )

Tipflation refers to the increase in the amount you're expected to tip, which can be much higher than higher than what has been customary in the past.  ( 24 min )

Goldman Sachs Group's third-quarter profit shrank by about 33% to $2.06 billion, or $5.47 per share, due to impairments in real estate and losses from its consumer banking missteps, despite a boost from higher trading revenues.  ( 17 min )

Global smartphone sales fell to their lowest third-quarter level in a decade, owing to a sluggish recovery in consumer spending, according to Counterpoint Research.  ( 19 min )

Learn why increases in the cost-of-living adjustment for Social Security benefits don't occur each year automatically.  ( 23 min )

The attack on Israel came at a critical time in the Middle East as the country was forming new economic alliances with Saudi Arabia and other nations that would reshape the geopolitical landscape in the region. Professor Simon Mabon of Lancaster University explains how that was playing out, and what might come next as Israeli forces enter Gaza ahead of a cold winter.  ( 20 min )

The U.S. unemployment rate is a key indicator of the nation's overall economic health. It has shifted over time in response to policy changes and historical events.  ( 23 min )

The Self-Employed Contributions Act tax is a U.S. government levy on those who work for themselves, rather than for an outside company.  ( 25 min )

Bank of America shares rose after reporting better-than-expected earnings on higher interest income and Johnson & Johnson delivered an earnings beat on medical device and pharmaceutical sales. Here’s what investors need to know today.  ( 17 min )

An exchange traded commodity (ETC) could be colloquially used to refer to a commodity ETF, but an ETC is actually a product name for a specific type of security.  ( 24 min )

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The new rules, which significantly constrict sales of advanced semiconductors to the Chinese market, came despite intense lobbying by chip companies.  ( 30 min )

President Biden's $7 billion investment in seven regional hydrogen hubs aims to accelerate clean hydrogen production, reduce carbon emissions, and boost energy security, with the goal of achieving net-zero emissions by 2050.  ( 35 min )

The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.  ( 21 min )

The two megabanks continue to shrink their branch networks, with BofA planning to close 20 locations and Wells recently shuttering 15. Both banks are also opening new branches in certain markets.  ( 34 min )

The federal government annually limits how much of your earnings are subject to the Social Security tax.  ( 28 min )

Luxury EV carmaker Lucid Group reported deliveries of its Air sedan that fell far short of analysts' estimates.  ( 19 min )

(Bloomberg) -- A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage. Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Gaza Officials Say Hospital Strike Kills HundredsPutin Arrives in China to Meet Xi on Rare International TripWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Israel Latest: Blinken Works on Gaza Aid as Biden Set to VisitThe properties, located in ci  ( 33 min )

Shares of VF Corp. soared close to 14% Tuesday as activist investor Engaged Capital disclosed plans to try to boost the apparel retailer's value after taking a major stake in the firm.  ( 18 min )

Retail sales were the latest sign of a strong economy, as a consumer slowdown remained nowhere in sight.  ( 46 min )

The IRS rolled out new details for how select taxpayers will be able to prepare and file their income taxes online directly with the IRS for free.  ( 34 min )

Gasoline prices are on a downward trend as the seasonal benefits of the shift to fall in the US outweigh elevated crude oil prices.  ( 34 min )

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There are good reasons shoppers at the warehouse club Costco, known for its inflation-proof $1.50 hot dog and soda deal, have been stocking up on something a bit fancier: 1-ounce bars of gold.  ( 22 min )

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The “lock-in” effect is making the housing market unappealing for both buyers and sellers.  ( 34 min )

(Bloomberg) -- U.S. Bancorp surged after the Federal Reserve released it from a commitment to meet requirements for larger banks by the end of next year.Most Read from BloombergStocks Fall, Yields Rise as Hot Data Fuel Fed Bets: Markets WrapPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Biden Plans High-Stakes Israel Visit to Keep War From EscalatingRegulators said the re  ( 33 min )

Johnson & Johnson (JNJ) raised its adjusted earnings outlook for the year after posting higher third-quarter revenue, despite a drop in sales of its Covid-19 vaccine. J&J's shares, down nearly 11% this year, fell more than 1% in afternoon trading. It  ( 23 min )

With the stock price a touch below what Goldman Sachs would be worth in a theoretical liquidation, investors now are effectively paying nothing for the franchise.  ( 23 min )

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All eyes are on Goldman Sachs and Bank of America earnings for insight into the impact of high interest rates.  ( 43 min )

The Biden administration is tightening restrictions on the sale of advanced chips to China, sparking fears of retaliation.  ( 17 min )

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The sell-off in shares of McDonald's has crossed into unsavory territory.  ( 34 min )

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The “Shark Tank” star sold her property business for $66 million in 2001.  ( 32 min )

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The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account. The rule change was originally set to start in 2024, but will […] The post Good News for People Who Make $145K: IRS Delays New Catch-Up Contribution Rule Until 2026 appeared first on SmartReads by SmartAsset.  ( 33 min )

All eyes are on Goldman Sachs and Bank of America earnings for insight into the impact of high interest rates.  ( 42 min )

With Apple leading the pack and other tech firms following, these are the 10 most profitable companies in the world by 12-month trailing net income.  ( 24 min )

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The Biden administration is tightening its restriction on exports of artificial intelligence chips to China.  ( 18 min )

Wall Street’s top strategist said much depends on whether current prices can be maintained in the short term.  ( 34 min )

(Bloomberg) -- Lucid Group Inc.’s output of electric vehicles fell 29% on the quarter, raising questions about its ability to meet a full-year production target of more than 10,000 EVs. Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitPutin Arrives in China to Meet Xi on Rare International TripYour Guide to Understanding the Roots of the Israel-Hamas WarBiden Plans High-Stakes Israel Visit to Keep War From EscalatingIsrael Latest: Army Says Hamas Officials De  ( 32 min )

Shares of Nvidia and other semiconductor stocks dropped Tuesday after the U.S. said it would would significantly constrict exports of artificial-intelligence chips, making it harder  ( 23 min )

Shares of VF jumped early Tuesday after the Journal reported that activist investor Engaged Capital has built a big stake in the company, which owns retail brands including The North Face and Vans. The stock was recently up about 9%. It was down 41% this year through Monday's close even after a nea  ( 22 min )

Everyone has different strategies they put to work in the stock market, but the goal for all remains the same: to maximize returns. Of course, that applies to the big investing institutions too. The world’s biggest asset manager, BlackRock, boasting ~$9.43 trillion of total assets under management, uses a systematic investing method—an investment strategy that prioritizes the use of data-driven analysis, rigorous testing of investment concepts, and sophisticated computer modeling methods in its  ( 35 min )

Shares of VinFast are swinging between small gains and losses Tuesday, a day after the once-hot Vietnamese electric-car startup slid 18% and hit new lows. The latest declines came after the company's CEO sa  ( 23 min )

Engaged Capital has built a big stake in VF, owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts.  ( 27 min )

All eyes are on Goldman Sachs and Bank of America earnings for insight into the impact of high interest rates.  ( 37 min )

Chinese electric vehicle giant BYD on Tuesday said it expects third-quarter net profit to as much as double thanks to robust sales and effective cost control. "Despite the increasingly intensified competition in the automobile industry in the third quarter, the company continued to record profit," BYD said in the filing. This was down to the company "leveraging on its improving brand influence, continuously expanding scale advantage and strong industrial chain-wide cost control capability, demonstrating strong resilience", it said.  ( 31 min )

Thermo Fisher will acquire proteomics company Olink for $26 per American depositary share in cash.  ( 15 min )

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Greta Thunberg has joined climate activists blocking a London hotel where oil executives are holding a meeting.  ( 44 min )

Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106 billion in paper losses in the second quarter. The second-biggest U.S. lender had about $603 billion in held-to-maturity securities, it said in a filing on Tuesday, shrinking from $614 billion in the second quarter. Unrealized losses have come under closer scrutiny by investors since March.  ( 32 min )

Choice Hotels International has announced a proposal to acquire Wyndham Hotels & Resorts for $90 a share.  ( 17 min )

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Earnings at the Wall Street giant fell 33%. But there were some signs that dealmaking and trading were beginning to pick up.  ( 33 min )

Tupperware Brands on Tuesday named consumer goods industry veteran Laurie Ann Goldman its new CEO, replacing Miguel Fernandez effective immediately, as the storage container maker looks to turn its struggling business around. Goldman has previously held the top job at beauty products firm Avon North America between 2018 and 2019, and served as the CEO of shapewear maker Spanx from 2002 to 2014. "Now is the right time to bring in new leadership, and Laurie Ann is exceptionally well-suited to advance our long-term strategy and accelerate growth," said Susan Cameron, chair of Tupperware's board.  ( 32 min )

1789 Capital, a firm co-founded by Omeed Malik, invests in a “parallel economy” of conservative-friendly companies.  ( 29 min )

Lockheed's weapons, such as the guided multiple launch rocket system and Javelin anti-tank missiles, made in conjunction with defense company RTX, have proven critical to Ukraine's war efforts. However, Lockheed is still hindered by pandemic-related labor and supply chain disruptions in its aeronautics business which makes the advanced fighter jet F-35. "We are still paced by a few key items," Lockheed's Chief Operating Officer Frank St John told Reuters in an interview, such as "processor assemblies, solid rocket motors, castings and forgings", though they have seen progress in this last quarter.  ( 32 min )

Lockheed Martin still expects to grow sales this year despite the budget morass that has left Pentagon spending stuck at prior-year levels and preve  ( 24 min )

Lockheed shares are up about 10% since war broke out between Israel and Hamas.  ( 21 min )

The Wall Street giant reported net profit of $2.06 billion, or $5.47 per share, for the three months ended Sept. 30, it said on Tuesday. Shares of the bank dipped 0.4% in premarket trading. Goldman's ill-fated foray into consumer banking proved costly, losing $3 billion over three years.  ( 32 min )

The second-largest US bank got a boost from higher interest income and a strong performance from its Wall Street unit.  ( 33 min )

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The second-largest U.S. bank on Tuesday posted net income of $7.27 billion, or 91 cents per share, in the three months ended Sept. 30. BofA's investment banking and trading units managed to outperform Wall Street expectations as they reported higher revenue, bucking an industry-wide slump. Meanwhile, lenders have seen their interest income swell as they had more room to charge customers higher rates on loans after the Federal Reserve raised borrowing costs in its fight against inflation.  ( 32 min )

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Investors are focused on how Johnson & Johnson, now a standalone pharmaceutical and medical devices company, will reach its goal of $57 billion in drug sales by 2025. Excluding its consumer health unit, the company now expects 2023 adjusted profit of $10.07 to $10.13 per share, compared with its previous outlook of $10.00 to $10.10 per share. J&J posted a third-quarter profit of $1.69 per share, compared with $1.62 per share a year earlier.  ( 32 min )

The pharma giant has had to slash projections, but investors welcome its plans to cut costs.  ( 27 min )

(Bloomberg) -- As the buzz surrounding weight-loss drugs gets ever louder, analysts at Goldman Sachs Group Inc. are predicting a potential $100 billion market opportunity, with Eli Lilly & Co. and Novo Nordisk A/S leading the pack.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in  ( 33 min )

In West Palm Beach’s historic Flamingo Park neighborhood, those who own their homes outright are dropping their insurance, and some who can’t are selling their homes.  ( 23 min )

Ericsson’s decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.  ( 15 min )

Johnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin guidance, and NetScout reduces its outlook for fiscal 2024.  ( 20 min )

Apple touted over $10 billion in user deposits into its savings accounts with Goldman, but some bank insiders reportedly see the venture as a mistake.  ( 32 min )

(Bloomberg) -- Ericsson AB shares fell to the lowest in six years after it said market weakness will persist into the fourth quarter and beyond, as the company struggles to counter reduced investment in fifth-generation mobile infrastructure from US and European operators.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army  ( 33 min )

Lonza said its core earnings growth for 2023 will be above its previously indicated range, but cautioned its profits next year will take a hit from lost Moderna revenue.  ( 26 min )

An amended proposal released early Tuesday will be filed by the FTX Debtors by mid-December if approved.  ( 31 min )

Wall Street is paying attention to something called "term premia," a demand by bond holders for more yield that can put the brakes on the economy.  ( 24 min )

Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 30% slump in third-quarter profit on Thursday but analysts predict robust growth next year as the chip industry emerges from its current downturn. Revenue for the quarter came in at around $17 billion, according to TSMC figures, down 20% from a year earlier and roughly the middle of the company's forecast range. Global demand for semiconductors began to weaken in the second half of last year, but analysts say inventories at smartphone and computer makers are running down and restocking demand is expected to pick up.  ( 33 min )

Gold prices fell on Tuesday as the U.S. dollar and Treasury yields firmed, ahead of economic data and Federal Reserve Chair Jerome Powell's speech this week, which could steer upcoming interest rate decisions. Spot gold dropped 0.3% to $1,913.90 per ounce by 0326 GMT, and U.S. gold futures fell 0.4% to $1,925.80. U.S. Treasury yields rose to their highest in more than a week, and the dollar also gained, making non-yielding bullion expensive for other currency holders, ahead of U.S. retail sales and industrial production later in the day.  ( 32 min )

Housing inventory will remain tight enough for home prices to keep appreciating for the next three years, MBA says.  ( 32 min )

The Strategic Petroleum Reserve currently sits at 40-year lows at 351 million barrels, according to the Energy Department.  ( 33 min )

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The S&P 500 dipped 0.01% on Tuesday, Oct. 17, 2023, as news that retail sales jumped more than expected in September renewed concerns about more Fed rate hikes.  ( 1 min )

Choice Hotels offered stockholders $90 for each Wyndham share owned, with an option to choose cash, stock, or a combination of cash and stock.  ( 1 min )

U.S. equities were mixed at midday on Tuesday, Oct. 17, 2023 following a report showing retail sales jumped well above expectations in September, raising concerns of more Fed interest rate hikes ahead to fight inflation.  ( 1 min )

Global smartphone sales fell to their lowest third-quarter level in a decade, owing to a sluggish recovery in consumer spending, according to Counterpoint Research.  ( 1 min )

Stock futures were slightly lower in premarket trading Tuesday, giving up some of yesterday's gains as Treasury yields crept back up to 16-year highs.  ( 1 min )

Bank of America shares rose after reporting better-than-expected earnings on higher interest income and Johnson & Johnson delivered an earnings beat on medical device and pharmaceutical sales. Here’s what investors need to know today.  ( 1 min )

Luxury EV carmaker Lucid Group reported deliveries of its Air sedan that fell far short of analysts' estimates.  ( 1 min )

Shares of VF Corp. soared close to 14% Tuesday as activist investor Engaged Capital disclosed plans to try to boost the apparel retailer's value after taking a major stake in the firm.  ( 1 min )

General Motors delayed to late 2025 plans to convert the Orion Assembly plant to electric vehicle production as the United Auto Workers strike continues against it and the other Big Three automakers, Ford and Stellantis.  ( 1 min )

Tesla will recall 54,676 Model X vehicles made between 2021 and 2023, for reported failures to display a warning light for low brake-fluid levels.  ( 1 min )

Johnson & Johnson beat profit and sales estimates and boosted its outlook as pharmaceutical and medical device sales gain while demand for COVID-19 vaccines wanes.  ( 1 min )

Bank of America's earnings and revenue exceeded forecasts, boosted by an increase in interest income because of higher borrowing costs.  ( 1 min )

Ruim acht op de tien bedrijven zeggen afgelopen jaar maatregelen te hebben genomen om groener te werken. Vooral het terugdringen van het energieverbruik was populair.  ( 8 min )

Jeff Bezos, de oprichter en topman van webgigant Amazon, is sinds deze week de op een na rijkste persoon op aarde. De Amerikaan passeerde Bernard Arnault en moet alleen nog Elon Musk voor zich dulden.  ( 9 min )

Jeff Bezos, de oprichter en topman van webgigant Amazon, is sinds deze week de op een na rijkste persoon op aarde. De Amerikaan passeerde Bernard Arnault en moet alleen nog Elon Musk voor zich dulden.  ( 9 min )

In een eerste strafzaak over verboden handel met Rusland is dinsdag een celstraf van drie jaar en een geldboete van 350.000 euro geëist door het Openbaar Ministerie. De verdachte ondernemer zou stiekem chips en een drone naar Rusland hebben verhandeld.  ( 10 min )

Vacansoleil verdwijnt na het faillissement in september in Franse handen. Het online reisbureau maeva neemt Vacansoleil over. Maeva is net als Center Parcs eigendom van de Pierre & Vacances-Center Parcs Group.  ( 9 min )

Luchtvaartmaatschappijen die een branchegenoot overnemen, moeten straks aan strengere EU-regels voldoen. Er zijn zorgen over de beperkte concurrentie op sommige routes, zegt Eurocommissaris Didier Reynders in een interview met Financial Times.  ( 9 min )

Apple loopt met zijn marktaandeel op de smartphonemarkt steeds verder in op Samsung, zo blijkt uit cijfers van marktonderzoeker Canalys. Van alle verkochte smartphones is 20 procent een Samsung en 17 procent een iPhone.  ( 8 min )

In de nieuwe telefoons van Google ligt de nadruk op kunstmatige intelligentie. En dat merk je vooral bij het bewerken van foto's op de Pixel 8 Pro. Nieuwe functies maken het kinderlijk eenvoudig om grenzen tussen echt en nep te vervagen.  ( 10 min )

Het pensioenstelsel in Nederland is het beste in de wereld. Daarmee is ons land terug op nummer één, een plek die we vorig jaar moesten afstaan aan IJsland.  ( 9 min )

De internationale trein verleidt voorlopig maar een klein deel van de reizigers die nu nog op Schiphol het vliegtuig pakken, concludeert het Kennisinstituut voor Mobiliteitsbeleid (KiM). Ondanks goedkopere tickets biedt de trein nog te weinig voordelen.  ( 11 min )

LinkedIn heeft opnieuw een ontslagronde aangekondigd. Daarbij verliezen 668 mensen hun baan, oftewel 3 procent van het personeelsbestand van het zakelijke sociale netwerk.  ( 8 min )

Een mondiaal statement over het afbouwen van fossiele brandstoffen. Vooraf werd gedacht dat de EU daar bij de komende klimaattop in Dubai sterk op wilde inzetten. Maar dan moeten de lidstaten eerst elkaar overtuigen. Dat lukte maandag niet goed.  ( 13 min )

Het Rijk is op zoek naar plekken waar na 2030 op grote schaal gebouwd kan worden. Op de lange termijn zijn er meer woningen nodig voor de groeiende bevolking. Demissionair minister Hugo de Jonge (Wonen) kijkt daarvoor naar regio's buiten de Randstad.  ( 9 min )

De koers van de Israëlische munt zakt steeds verder naarmate het conflict met Hamas voortduurt. Voor 1 dollar moet nu ruim 4 sjekel worden neergeteld. Het is voor het eerst in acht jaar dat de koers van de munt zo laag staat.  ( 9 min )

Een mondiaal statement over het afbouwen van fossiele brandstoffen. Vooraf werd gedacht dat de EU daar bij de komende klimaattop in Dubai sterk op wilde inzetten. Maar dan moeten de lidstaten eerst elkaar overtuigen. Dat lukte maandag niet goed.  ( 13 min )

De kosten om windenergie van zee naar land te krijgen, vallen de komende decennia veel hoger uit dan verwacht. Gevreesd wordt dat huishoudens daardoor meer moeten betalen om stroom geleverd te krijgen. Dat meldt demissionair minister Rob Jetten van Klimaat en Energie.  ( 9 min )

We’re in the midst of a major economic transition, one that may eventually match the changes of the Industrial Revolution. The change, of course, is the advent of the green economy, and the switch from fossil fuel energy sources to renewable energy. While wind and solar power are soaking up the headlines, a more plausible long-term green power source is already near at hand: hydrogen. Hydrogen is the most abundant of all the chemical elements, and also the simplest by molecular structure. It is  ( 35 min )

Country Garden's entire offshore debt will be deemed to be in default if China's largest property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period.Non-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts. Lack of payment - which is expected after Country Garden last week warned about its inability to meet offshore debt obligations - would make the firm the latest in scores of Chinese developers who have defaulted. Country Garden has also missed other offshore payments in the past few weeks though those payments still have not seen their 30-day grace periods lapse.  ( 32 min )

American investors have been taken for a trillion-dollar ride by naked short sellers, in what could turn out to be the biggest financial regulatory scandal in North American history  ( 51 min )

How to take over the family finances after a tragedy? How about not like this: I got a call maybe a month or three after my 55-year-old husband died from cancer, leaving our 12-year-old son and me stunned that this big personality had finally, in my husband’s words, “rolled over and called it a life.” I was picking up my elderly parents from the airport when I got an urgent call from the new manny (a male caretaker would be good for the kid, I was advised) saying, “Um, there’s a man here to take  ( 52 min )

(Bloomberg) -- US pharmacy chain Rite Aid Corp. is moving quickly to sell its assets in bankruptcy, over the objection of at least one potential bidder, because the company faces looming financial deadlines, a company lawyer said during the chain’s first day under court supervision.Most Read from BloombergIsrael Latest: Biden to Visit; Strikes on Hezbollah TargetsYour Guide to Understanding the Roots of the Israel-Hamas WarIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee  ( 33 min )

A handful of healthcare REITs have been on the upswing, as recent improvements in occupancy rates and their ability to restructure leases with facility operators have buoyed the share prices of several companies in the subsector. Analysts are taking note of the improvements. Take a look at three healthcare REITs that have received analyst upgrades this week. Sabra Health Care REIT Inc. (NASDAQ:SBRA) is an Irvine, California-based healthcare REIT that has 426 U.S. properties in its investment por  ( 34 min )

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Roughly 64% of CEOs believe there will be a full return to office by 2026, according to a survey of more than 1,300 CEOs from KPMG.  ( 32 min )

A group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers, sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements. The Alliance for Automotive Innovation said the National Highway Traffic Safety Administration Corporate Average Fuel Economy proposal is unreasonable and want significant revisions, arguing the plan will boost average vehicle prices by $3,000 by 2032 because of penalties automakers will face for not being in compliance.  ( 30 min )

The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.  ( 21 min )

(Bloomberg) -- Wells Fargo & Co. and JPMorgan Chase & Co. are leading the biggest Wall Street banks in tapping the US investment-grade market after reporting third-quarter earnings.Most Read from BloombergYour Guide to Understanding the Roots of the Israel-Hamas WarIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthIsrael Latest: Minister Tells Blinken to Brace for ‘Long War’US Pushes to Contain Israel-Hamas War, Warns Iran About EscalationStocks Rise Amid Efforts to S  ( 34 min )

Among the items claimed were two pasta dishes — one with pesto and one with Bolognese — on the same restaurant bill.  ( 32 min )

Snap stock rallied 12% on Monday in response to an upbeat note from CEO Evan Spiegel to the social media company’s staff about the financial outlook for 2024.  ( 16 min )

Bank of America expects slightly higher profits and a 2% gain in net interest income.  ( 18 min )

"We need to come together to bring an end to this acrimonious round of talks," the great grandson of Henry Ford said.  ( 34 min )

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Snap stock rallied 12% on Monday in response to an upbeat note from CEO Evan Spiegel to the social media company’s staff about the financial outlook for 2024.  ( 16 min )

Mortgage rate lock-in effect is making homeowners hold on for longer: “You can’t buy what’s not for sale,” one pro says.  ( 33 min )

Wall Street analysts expect Johnson & Johnson to report earnings of $2.52 per share for the third quarter and sales of $21 billion, according to FactSet.  ( 17 min )

(Bloomberg) -- John Paulson sued his former Puerto Rico business partner, accusing him and several members of his family of siphoning millions of dollars from the hedge fund billionaire to finance a luxury lifestyle.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee Sout  ( 33 min )

Bank of America expects slightly higher profits and a2% gain in net interest income.  ( 18 min )

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Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.  ( 32 min )

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(Bloomberg) -- The lucrative broker commission system at the heart of the US residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk weakening the National Association of Realtors, the industry’s powerful lobbying group.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthIsrael Latest: Minister Warns of Long War as Biden Weighs VisitUS Pushes to Contain Isra  ( 35 min )

Only its "fair share."  ( 33 min )

(Bloomberg) -- Gasoline is so weak in the US that some refiners are losing money making it. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden Weighs Trip, Shekel Drops Past 4 Per DollarXi’s $1 Trillion ‘Project of the Century’ Gets a Reality CheckStocks Rise Amid Efforts to Stifle Israel Conflict: Markets WrapWhile benchmark futures reflect gasoline margins t  ( 33 min )

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Shares of Charles Schwab rose about 5%, making them the best performers in the S&P 500, after the brokerage giant said bank deposit outflows were slowing. The bank had about $284 billion in deposits at the end of the third quarter, down 7% from the previous quarter. Compared with a year earlier, S  ( 23 min )

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Bill Ford, the great-grandson of company founder Henry Ford, said the strike and escalating contract battle with the union are threatening the industry’s future.  ( 29 min )

A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal. A British judge has ruled that the bank was entitled to sack Szabolcs Fekete for gross misconduct because he lied when he claimed to have consumed two sandwiches, two coffees and two pasta dishes during a work trip, when he had really shared them with his partner. When the company queried his expenses for a July 2022 business trip to Amsterdam, Fekete emailed: “I was on the business trip by myself and that I had 2 coffees as they were very small.”  ( 32 min )

Kathy Vegh Hughes is the "head hen" and founder of Cutest Coops, an Ohio-based company that offers functional yet aesthetically pleasing chicken coops. Vegh Hughes is a first-generation American who recounts how her father came from Budapest, Hungary, with a change of clothes and a ping-pong paddle but was able to develop multiple business ventures. He built companies including a ping-pong center, a pool hall and a related products retail store that eventually turned into five locations. She was  ( 33 min )

Not only does O'Leary see a "correction" coming for the office sector, but in New York it may be better "to actually tear these buildings down and rebuild.”  ( 33 min )

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Rates on 30-year mortgages edged lower Friday, ending the week more than a quarter point lower than the week before. Rates for most other loans types were mostly steady.  ( 20 min )

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Henry Ford's great-grandson Bill Ford had a very different message for the union than what members have been hearing from UAW President Shawn Fain.  ( 23 min )

Microsoft-owned LinkedIn laid off more than 500 employees, including engineers, on Monday in its second round of job cuts this year as the social media network grapples with a slowdown in hiring, a person familiar with the matter said. The cuts, which affect 2.5% of the 20,000-strong staff, add to the tens of thousands of job losses this year in the technology sector amid an uncertain economic outlook. (Additional reporting by Yuvraj Malik and Aditya Soni in Bengaluru; Editing by Arun Koyyur)  ( 31 min )

Efforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.  ( 38 min )

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If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You'll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from … Continue reading → The post How to Avoid Tax on a Savings Account appeared first on SmartAsset Blog.  ( 34 min )

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Moderna is sticking by its forecast range for 2023 Covid-19 vaccine sales, after rival [Pfizer cut the sales outlook for its own shot](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-16-2023/card/pfizer-stock-falls-on-guidance-cut-other-covid-19-vaccine-makers-also-drop-SA1rMYsazC5f  ( 25 min )

Nishad Singh is the latest member of Sam Bankman-Fried’s inner circle to take the stand after pleading guilty.  ( 34 min )

Lululemon will replace Activision Blizzard in the S&P.  ( 33 min )

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The automotive industry is shifting, under a combination of impulses, from internal combustion engines to electrically powered vehicles. There has been much commentary on this shift, on its efficacy and practicality, but we’ll focus here on a factor that most people probably don’t think about: lithium. Lithium-ion batteries are the beating heart of electric vehicles (EVs); Elon Musk has said that ‘lithium batteries are the new oil.’ Musk has been right too often for us to ignore him – and on top  ( 36 min )

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Rite Aid filed for Chapter 11 bankruptcy on Sunday in an effort to write down debt amid shrinking sales and a lawsuit related to the opioid crisis.  ( 33 min )

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CVS stock may also be getting a boost from UnitedHealth earnings last Friday.  ( 14 min )

Bitcoin and other cryptocurrencies surged Monday on the rising possibility that the Securities and Exchange Commission soon will approve the first spot Bitcoin ETF.  ( 19 min )

Novo Nordisk agreed to buy hypertension drug ocedurenone from KBP Biosciences for up to $1.3 billion.  ( 18 min )

Efforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.  ( 35 min )

Pfizer will take a big charge for its unused Covid-19 treatments. The U.S. will return treatments of the company’s Paxlovid drug as coronavirus vaccination rates fall.  ( 19 min )

Rite Aid filed for bankruptcy, said it will close more of its stores, and named Jeffrey Stein its new CEO as part of a restructuring.  ( 18 min )

Four years ago, legendary Wall Street investor Carl Icahn made a huge bet against the future of the U.S. shopping mall in what was called the Big Short 2.0. His wager pitted him against hu  ( 24 min )

Existing-home sales data for September, set for release this week, is expected to show that sales slumped to the lowest level in more than a decade as mortgage rates rose.  ( 22 min )

Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are in less than expected and cut revenue expectations for the year by $9 billion. Falling sales of both clipped sales in the second quarter, but Pfizer said in August that it expected a rebound in the second half of 2023. Shares of Pfizer slid nearly 3% before the opening bell Monday and Moderna, which makes a competing vaccine, slid as well.  ( 33 min )

(Bloomberg) -- Charles Schwab Corp. reported Monday that its net interest revenue sank 24% to $2.2 billion from the year prior as clients moved cash into higher-yielding products.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechRite Aid Files for Bankruptcy as Debt Load, Opioid Risk RiseIsrael Latest: Biden, Scholz Make  ( 33 min )

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The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.  ( 33 min )

Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.  ( 34 min )

Tom Cowhey, senior vice president of corporate finance, has stepped in as interim finance chief.  ( 26 min )

The White House is looking to further tighten restrictions on China’s access to artificial intelligence chips and drugstore chain Rite Aid files for Chapter 11 bankruptcy. Here’s what investors need to know today.  ( 19 min )

Ineos Chair Jim Ratcliffe would pay over $1.5 billion for the stake in Manchester United if his bid for the soccer club is accepted by the Glazer family that controls it, Reuters reported on Sunday, citing a person familiar with the matter. Ratcliffe's bid puts the club valuation close to $6.5 billion, excluding net debt of more than $600 million, the report said, topping a rival offer from Qatar's Jassim for 100% of the Premier League club.  ( 32 min )

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Stocks of Pfizer and rival Covid-19 vaccine makers fell in premarket trading after the drugmaker sliced its sales guidance. Pfizer said late Friday it was cutting its 2023 revenue guidance range by $9 bill  ( 23 min )

General Motors and Ford have laid out ambitious plans to spend billions developing new electric vehicles while returning capital to investors, all funded by robust profits from combustion trucks and SUVs. The mounting costs of the United Auto Workers strikes, and the eventual rich contract settlements, are putting those plans at risk, analysts said. GM will report third-quarter results Oct. 24, with Ford following on Oct. 26.  ( 33 min )

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With retirement nearly within your grasp, a few years more of working may seem daunting. But before you make any final decisions, you must make sure you can retire securely. Here, we have a profile with about $1.75 million in savings on top of Social Security. Can you retire now? It depends on factors specific […] The post I’m 62 Years Old, Have $1 Million in Cash, $750k in an IRA and Social Security. Should I Retire Now? appeared first on SmartReads by SmartAsset.  ( 33 min )

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Todd Combs, investment officer at Buffett’s Berkshire Hathaway, also shared advice for those starting out in their careers.  ( 34 min )

The bloody attack on Israel and inevitable retaliation have turned defense stocks into a gauge of the geopolitical risks perceived by financial markets. For now, it is flashing amber rather than red.  ( 28 min )

It's good practice as an investor to listen to really smart people.  ( 34 min )

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Nvidia stock was falling early Monday following a report the chip maker could face further restrictions on exports of its artificial-intelligence chips to China.  ( 16 min )

Over two dozen stocks in the consumer sectors of the S&P 500 set new 52-week lows in October.  ( 28 min )

Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.  ( 17 min )

A spot Bitcoin ETF will allow BTC be easily tradeable without the headaches and pitfalls of self-custody. Its arrival — likely just around the corner — will mark the moment crypto goes mainstream.  ( 33 min )

(Bloomberg) -- Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle Ea  ( 32 min )

Pfizer slashes revenue expectations, a report says an activist has built a stake in News Corp, and Rite Aid files for bankruptcy.  ( 19 min )

Germany's BioNTech on Monday said it would likely take write-downs of up to 900 million euros ($947 million) in the third quarter after its partner Pfizer reported similar charges on their COVID-19 vaccine business last week. Pfizer on Friday said it will take $900 million of inventory write-offs and other charges for the jointly developed vaccine, branded as Comirnaty, on top of much larger write-offs on Pfizer's own COVID treatment Paxlovid. BioNTech will likely "recognize the effect of Pfizer's inventory write-offs and other charges related to Comirnaty in the third quarter of 2023 up to 0.9 billion euros, which represents BioNTech's half of the gross profit-sharing agreement with Pfizer", it said in a statement.  ( 32 min )

Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies. A surge in government borrowing costs has put high debt in the spotlight, with investors demanding increased compensation to hold long-term bonds and policymakers urging caution on public finances. Over 80% of the $10 trillion rise in global debt in the first half to a record $307 trillion came from developed economies, the Institute of International Finance says.  ( 34 min )

Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.  ( 32 min )

World shares fell and oil prices were mixed as investors braced Monday for an expected invasion by Israel in the Gaza Strip. Israeli forces, supported by a growing deployment of U.S. warships in the region and the call-up of some 360,000 reservists, have positioned themselves along Gaza’s border and drilled for what Israel said would be a broad campaign to dismantle the militant group Hamas. “The world now holds its breath as Israel prepares for a full-scale ground invasion of Gaza, with only unseasonal torrential rain delaying the seemingly inevitable.”  ( 34 min )

Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip. U.S. futures edged higher while oil prices were little changed. Israeli forces, supported by a growing deployment of U.S. warships in the region and the call-up of some 360,000 reservists, have positioned themselves along Gaza’s border and drilled for what Israel said would be a broad campaign to dismantle the militant group.  ( 34 min )

Jean-Pierre Mustier, the former CEO of Italian bank UniCredit, is taking the helm of Atos' board, the company said. He will be tasked to revive investors' trust and secure the contemplated deal with Kretinsky after a governance crisis and a series of setbacks pummeled Atos' shares, now trading at near record lows. The contemplated sale of Atos' loss-making legacy IT operations to Kretinsky is contested by several minority shareholders and some French politicians.  ( 32 min )

Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale basin and plotted to make his then-$24 billion Pioneer Natural Resources the oilfield's biggest prize. The CEO concentrated the business, exiting less productive properties and dumping an in-house service arm, and set out a mission to make Pioneer the leanest, profitable and most desirable catch among U.S. shale independents. Sheffield emerged as a shale statesman, encouraging the U.S. to lift a 40-year ban on exports of U.S. crude oil and snatching up rivals while publicly warning of a coming consolidation.  ( 34 min )

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(Bloomberg) -- Birkenstock Holding Plc, the 249-year-old footwear brand, stumbled onto Wall Street last week in a debut that could quash the fledgling rebound of initial public offerings.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understandin  ( 34 min )

Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging pharmacies contributed to an oversupply of prescription opioids. It said it had reached an agreement with its creditors on a financial restructuring plan to cut its debt and position itself for future growth and that the bankruptcy filing was part of that process.  ( 32 min )

(Bloomberg) -- Rite Aid Corp., one of the biggest pharmacy chains in the US, filed for bankruptcy as it looks to restructure debts including opioid liabilities. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding the Roots of the Israel-  ( 32 min )

A nervous watch has gripped markets as Israel prepares to roll troops into Gaza and worries mount that the conflict with Hamas will spill across borders. U.S. Secretary of State Antony Blinken was on the ground in the Middle East and President Joe Biden on the phone to help soothe tensions. The recent spike in oil prices shows just how interconnected global markets can be, fuelling inflation worries ahead of meetings over the next few weeks of the world's biggest central banks.  ( 32 min )

Szabolcs Fekete had blamed ‘very small’ coffees and denied that meals had been eaten with his partner  ( 5 min )

(Bloomberg) -- China is tightening curbs on short-selling activities as authorities step up efforts to shore up a struggling stock market.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding the Roots of the Israel-Hamas WarThe Securities  ( 33 min )

(Bloomberg) -- US equity futures gained while Treasuries and the dollar slipped, in a sign that traders are weighing the efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East War  ( 35 min )

$22mn case exposes the risks in opaque world of Zürich’s independent wealth advisers  ( 24 min )

Rite Aid listed estimated assets and liabilities in the range of $1 billion to $10 billion in a court filing with the U.S. Bankruptcy Court for the District of New Jersey. Philadelphia, Pennsylvania-based Rite Aid operates more than 2,000 retail stores across 17 states in the U.S., although it is much smaller than its rivals such as Walgreens Boots Alliance and CVS Health. The U.S. Department of Justice in March sued Rite Aid, accusing the pharmacy chain of missing "red flags" as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids.  ( 32 min )

The drugstore chain faces thousands of lawsuits over opioid crisis and struggled for years with failed mergers.  ( 28 min )

U.S. company cites difficulty of completing deal for Liontown Resources after Gina Rinehart bought large stake  ( 28 min )

Hui Ka Yan, once one of the world’s richest men, led China Evergrande through its rise and fall. His failures in the aftermath made the property developer’s collapse a bigger problem for the country’s slumping housing market.  ( 28 min )

Seniors choosing Medicare plans can fall into traps leaving them with higher costs or fewer doctors than they expected. ‘I was so stupid.’  ( 24 min )

Crude oil hovered above $90 a barrel while equities were weak and the safe-haven dollar was firm on Monday as investors nervously watched for whether escalating violence in Gaza would cause the conflict to spread beyond Israel and Hamas. Israel's shekel sank to a nearly eight-year low, after the country's prime minister, Benjamin Netanyahu, vowed to "demolish Hamas" in retaliation for the rampage on Oct. 7 that killed 1,300 people in the worst attack on civilians in Israel's history. U.S. Secretary of State Antony Blinken is visiting the region, seeking to prevent further escalation.  ( 32 min )

(Bloomberg) -- Albemarle Corp., the world’s largest lithium producer, has walked away from its A$6.6 billion ($4.2 billion) takeover of Australian miner Liontown Resources Ltd.Most Read from BloombergIsrael Latest: Army Says Over 600,000 Gazans Have Fled SouthUS Pushes Bid to Avert Wider Israel War After Iran WarningIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarGlobal Markets Stable as US Pushes to Contain Middle East WarTh  ( 32 min )

Bank of America and Chase are among the banks that don’t currently offer personal loans. Learn how personal loans work and which financial institutions offer them.  ( 22 min )

The best CD rates available nationwide are 6.50% from Financial Partners Credit Union for 8 months and 6.00% from Credit Human on a take-your-pick term of 12-17 months.  ( 19 min )

Personal loan rates edged up to 21.01% this week, adding 10 basis points since last week when the average personal loan rate stood at 20.91%.  ( 18 min )

The S&P 500 rose 1.1% on Monday, Oct. 16, 2023, posting solid gains as the markets kick off a week of noteworthy earnings reports.  ( 17 min )

Raymond James Financial shares gained as the firm agreed to use tax-management technology provided by JPMorgan Chase.  ( 17 min )

Moderna shares fell to an almost three-year low after the biotech firm reiterated its full-year guidance but warned it couldn't yet predict COVID-19 vaccine demand.  ( 17 min )

Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of a downtrend.  ( 25 min )

Part of retirement planning is figuring out if your retirement income will last. Find out if your retirement savings will provide the standard of living you want.  ( 29 min )

Bitcoin's price spiked temporarily Monday after an incorrect report that Blackrock's bitcoin spot exchange-traded fund (ETF) had been approved.  ( 17 min )

What to know about how the versatile and ubiquitous investment vehicles known as exchange-traded funds, or ETFs, are created.  ( 25 min )

The Federal Reserve shouldn’t raise its influential fed funds rate above the 22-year high where it’s been since July, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, said Monday.  ( 18 min )

A hardship default is a failure to make a scheduled payment on a debt due to a financial setback.  ( 24 min )

Dropshipping can be a lucrative business model with minimal startup costs. Here's what you need to know to start a dropshipping business.  ( 24 min )

These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau.  ( 25 min )

Starting an online business can be a powerful way to launch a new product or service while reaching a wider audience. With market research, a solid business plan, a strong website, and a digital marketing strategy, you can get started in growing your company effectively.  ( 23 min )

Regulators reportedly want to expand the list of AI semiconductor chips that fall under export control rules, a move which could target chips Nvidia designed just to meet the export guidelines.  ( 18 min )

Tax-loss harvesting is selling securities at a loss to offset the amount of capital gains tax owed on other investments.  ( 23 min )

Lululemon and Hubbell will join the S&P 500 on Wednesday, which could can benefit the companies by boosting name recognition and accessibility of the stock.  ( 17 min )

U.S. equities gained at midday on Monday, Oct. 16, 2023, to start a busy week with key corporate earnings reports.  ( 16 min )

Exchange-traded funds (ETFs) are ideal instruments for beginning traders and investors. Learn the seven best strategies for trading ETFs.  ( 24 min )

Find out how the underground or shadow economy can affect the accuracy of the calculation of a country's gross domestic product (GDP).  ( 21 min )

"Agency MBS Purchase" typically refers to the U.S. Federal Reserve's policy of purchasing certain government-backed securities.  ( 22 min )

Charles Schwab reported profit that beat estimates, and said it plans to cut $1 billion in incremental annual expenses.  ( 17 min )

Activist investor Starboard Value reportedly added to its stake in News Corp, and is targeting changes to Rupert Murdoch's media company.  ( 17 min )

Rates on 30-year mortgages edged lower Friday, ending the week more than a quarter point lower than the week before. Rates for most other loans types were mostly steady.  ( 19 min )

Trading psychology refers to the emotions and mental states that help to dictate success or failure in trading securities.  ( 28 min )

The Social Security cap increase for 2022 was 2.9% and it's 8.98% for 2023, but this won't be enough to keep Social Security from running out of funds by 2035.  ( 24 min )

Drugstore company Rite Aid filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.  ( 17 min )

After getting engaged, I knew we needed to open a high-yield savings account to save money for the wedding. We chose Wealthfront's cash account which pays 4.80% APY.  ( 19 min )

Medicare provides health coverage for older adults, while Medicaid covers healthcare costs for people with low incomes. Learn more about Medicare vs. Medicaid.  ( 27 min )

Novo Nordisk agreed to buy hypertension drug ocedurenone from KBP Biosciences for up to $1.3 billion.  ( 17 min )

Covered earnings refer to the amount of an employee's pay that is eligible for use in the calculation of retirement benefits.  ( 22 min )

An independent contractor is a person or entity engaged in a work performance agreement with another entity as a non-employee.  ( 28 min )

The White House is looking to further tighten restrictions on China’s access to artificial intelligence chips and drugstore chain Rite Aid files for Chapter 11 bankruptcy. Here’s what investors need to know today.  ( 19 min )

Target-date funds and lifecycle funds are two different names for the same fund. In this article, we’ll explain why they are a popular 401(k) option.  ( 22 min )

Expense ratios can be higher for 401(k) accounts in comparison to standard, self-directed brokerage accounts. In this article, we'll explain why.  ( 23 min )

An ABLE account is a savings account for people with disabilities. ABLE programs are established by states, and there are differences between them.  ( 26 min )

It’s possible to buy ETFs for your Roth IRA. Choosing the right ones can be an inexpensive way to build a diversified retirement portfolio.  ( 23 min )

Learn how exchange-traded funds (ETFs) distribute their dividends and the difference between qualified and non-qualified dividends.  ( 25 min )

Eligible expenses for ABLE accounts are referred to as qualified disability expenses (QDEs) and cover a broad range of items and services.  ( 26 min )

New and advanced versions of ETFs have been developed over the years, one being the synthetic ETF, which is different than a typical ETF due to its underlying holdings.  ( 21 min )

A pay czar clause is a statement in a financial institutions' executive contracts that subjects its compensation terms to U.S. government approval.  ( 24 min )

Tracking errors tend to be small, but they can still adversely affect your returns. Learn how to protect against them.  ( 22 min )

Mutual funds and ETFs are both created from the concept of pooled fund investing which bundles securities together to offer investors the benefit of a diversified portfolio. Learn about some of the differences that make them attractive to investors.  ( 24 min )

ICE LIBOR was a bank-to-bank average interest rate charged for short-term loans. Once published, it was used as a benchmark for various loans and corporate debt.  ( 25 min )

Comparative advantage is becoming increasingly relevant due to globalization, and this has affected both advanced and developing economies.  ( 22 min )

The current account records a country's imports and exports of goods and services, foreign investors' payments, and transfers, such as foreign aid. Learn why it matters.  ( 25 min )

Of the hundreds of exchange-traded funds on the market, some thrive and some fail. Learn how to pick from the best of the bunch.  ( 25 min )

Understanding the differences between bond funds and bond ETFs can help investors choose the instrument that is best for building a diversified bond portfolio.  ( 23 min )

Raymond James Financial shares gained as the firm agreed to use tax-management technology provided by JPMorgan Chase.  ( 1 min )

Moderna shares fell to an almost three-year low after the biotech firm reiterated its full-year guidance but warned it couldn't yet predict COVID-19 vaccine demand.  ( 1 min )

Regulators reportedly want to expand the list of AI semiconductor chips that fall under export control rules, a move which could target chips Nvidia designed just to meet the export guidelines.  ( 1 min )

Lululemon and Hubbell will join the S&P 500 on Wednesday, which could can benefit the companies by boosting name recognition and accessibility of the stock.  ( 1 min )

Charles Schwab reported profit that beat estimates, and said it plans to cut $1 billion in incremental annual expenses.  ( 1 min )

Drugstore company Rite Aid filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.  ( 1 min )

Novo Nordisk agreed to buy hypertension drug ocedurenone from KBP Biosciences for up to $1.3 billion.  ( 1 min )

The S&P 500 rose 1.1% on Monday, Oct. 16, 2023, posting solid gains as the markets kick off a week of noteworthy earnings reports.  ( 1 min )

U.S. equities gained at midday on Monday, Oct. 16, 2023, to start a busy week with key corporate earnings reports.  ( 1 min )

Activist investor Starboard Value reportedly added to its stake in News Corp, and is targeting changes to Rupert Murdoch's media company.  ( 1 min )

U.S. stock futures and bond yields were up in premarket trading Monday as the rush to safe havens let up slightly while investors awaited developments in the Middle East.  ( 1 min )

The White House is looking to further tighten restrictions on China’s access to artificial intelligence chips and drugstore chain Rite Aid files for Chapter 11 bankruptcy. Here’s what investors need to know today.  ( 1 min )

De Nederlandse Voedsel- en Warenautoriteit (NVWA) heeft 46 veehouderijen uit voorzorg tijdelijk stilgelegd. De veehouderijen mogen voorlopig geen dieren, mest en melk afvoeren, omdat er op de boerderijen een bestrijdingsmiddel tegen muizen is gebruikt.  ( 8 min )

De EU-landen komen nog niet tot een akkoord over de benodigde nieuwe begrotingsregels, denkt demissionair minister van Financiën Sigrid Kaag. Ze zegt dat de ministers van de 27 EU-landen er bij hun overleg deze week in ieder geval nog niet uitkomen.  ( 9 min )

De Nederlandse bloemenbranche kampt met een teruggelopen export, vooral doordat consumenten in het buitenland minder geld overhouden voor een bloemetje. De oorlogssituatie in Israël helpt voor het huidige kwartaal niet mee.  ( 9 min )

Beelden van geweld door Hamas en teksten die waarschuwen dat kinderen worden vermoord in Israël. Het is plotseling te zien in reclames in onschuldige telefoonspelletjes. "Laat kinderen even geen online spelletjes zoals Angry Birds spelen", zegt Justine Pardoen, oprichter van Bureau Jeugd en Media.  ( 11 min )

Het verbeterplan van het Afvalfonds om meer flessen met statiegeld in te zamelen is niet goed genoeg, vindt de Inspectie Leefomgeving en Transport (ILT). De inspectie wil zien hoeveel inzamelpunten erbij komen en wil ook weten waar en wanneer.  ( 9 min )

De fiscus heeft de eerste dwangbevelen gestuurd naar ondernemers die sinds de coronacrisis een belastingschuld hebben en deze niet betalen. In sommige gevallen zijn zelfs stappen gezet om beslag te leggen op bezittingen van de bedrijven.  ( 9 min )

Zo'n 60.000 ondernemers hebben een achterstand bij het betalen van hun coronaschuld aan de Belastingdienst. Dat is bijna een kwart van alle bedrijven die nog een schuld uit de coronatijd hebben openstaan bij de fiscus.  ( 8 min )

Ook bij accountantskantoor Deloitte is gefraudeerd met toetsen. Bestuurslid Rob Bergmans treedt terug vanwege de voorlopige resultaten van een intern onderzoek. Eerder dit jaar is dergelijke fraude al bij branchegenoot KPMG aan het licht gekomen.  ( 9 min )

De webshop van het failliete BCC is vanaf maandag gesloten. Daarnaast houden de fysieke winkels van de elektronicaketen die nog wel open zijn vanaf maandag een faillissementsuitverkoop. Daarbij geeft het bedrijf hoge kortingen.  ( 8 min )

Banken en andere geldverstrekkers hebben afgelopen week opnieuw hun hypotheekrentes verhoogd. Sinds enkele weken lopen de rentes op hypotheken steeds verder op. Dit komt door de aanhoudende inflatie.  ( 9 min )

Een groep woningverhuurders heeft de Nederlandse Staat gedagvaard. Ze zijn het oneens met regels die de opbrengst van verhuur aan banden leggen en willen een schadevergoeding.  ( 9 min )

Een groep woningverhuurders heeft de Nederlandse Staat gedagvaard. Ze zijn het oneens met regels die de opbrengst van verhuur aan banden leggen en willen een schadevergoeding.  ( 9 min )

Nederlandse supermarkten hebben vis verkocht die is gemaakt met Chinese dwangarbeid. Daarbij gaat het om producten van het Britse bedrijf Nomad Foods, dat onder meer het merk Iglo op de markt brengt. Dat blijkt uit uitgebreid onderzoek van het journalistieke platform The Outlaw Ocean.  ( 11 min )

Zo'n 29.000 bedrijven hebben in de afgelopen drie maanden besloten te stoppen. Dat is 7 procent meer dan een jaar eerder. Uit cijfers van de Kamer van Koophandel (KVK) blijkt ook dat het aantal faillissementen bijna is verdubbeld.  ( 9 min )

Zo'n 29.000 bedrijven hebben in de afgelopen drie maanden besloten te stoppen. Dat is 7 procent meer dan een jaar eerder. Uit cijfers van de Kamer van Koophandel (KVK) blijkt ook dat het aantal faillissementen bijna is verdubbeld.  ( 9 min )

Nederlandse supermarkten hebben vis verkocht die is gemaakt met Chinese dwangarbeid. Daarbij gaat het om producten van het Britse bedrijf Nomad Foods, dat onder meer het merk Iglo op de markt brengt. Dat blijkt uit uitgebreid onderzoek van het journalistieke platform The Outlaw Ocean.  ( 10 min )

The headwinds are piling up on our economic horizon, just a few blurs of cloud right now, at the edge of the horizon – and we just don’t know what’s coming next. The headwinds include factors we all know about: persistent inflation, the Fed’s higher interest rates and tighter monetary policy, the tighter business and consumer credit environment, and the fast-rising government debt which at $33.57 trillion already measures 103% of the total GDP. We’ve been reading about these headwinds for severa  ( 35 min )

After a rough year, shareholders will want to see signs that the company’s woes are receding in the rearview mirror.  ( 22 min )

The proliferation of freight brokerages is giving truckers a lifeline. The post Freight recession unlike any other in history appeared first on FreightWaves.  ( 36 min )

This week includes earnings reports from Tesla, Netflix, and Goldman Sachs.  ( 17 min )

HOUSTON (Reuters) -Oil futures fell on Monday on reports the U.S. could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set in that country, while traders see the Israel-Hamas conflict not affecting crude supplies in the short term. Brent futures were down 79 cents, or 0.87%, at $90.10 a barrel at 12:01 p.m. CDT (1701 GMT). U.S. West Texas Intermediate (WTI) crude fell by 0.53 cents, or 0.6%, to $87.16 a barrel.  ( 32 min )

While most low earners spend down their paychecks each month, about half of people making more than $100,000 a year also run out of money.  ( 24 min )

More than 50 S&P 500 companies are set to report this week including Tesla, Netflix, TSMC, and Goldman Sachs.  ( 23 min )

The Magnificent Eight punch well above their fundamental weight, thanks to premium valuation multiples.  ( 20 min )

It wasn’t that long ago that BofA seemed poised to become America’s most lucrative bank. A big bet on bonds changed all that.  ( 23 min )

Investors will do better in Treasury inflation-protected securities, or TIPS, versus regular Treasury bonds if inflation runs at more than 2.35%, which seems likely.  ( 23 min )

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Insurers have been hit by a one-two punch of natural disasters and lackluster financial markets. But there’s a silver lining: the profits and surpluses that come with rising premiums.  ( 68 min )

(Bloomberg) -- The tagline from Wall Street was that 2023 was the year of the bond. Instead, fund managers are coming to terms with one of the toughest years ever.Most Read from BloombergIsrael Latest: Army Says Over 600,000 Gazans Have Fled SouthUS Pushes Bid to Avert Wider Israel War After Iran WarningIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusLacy Hunt, Hoising  ( 33 min )

Gas prices across the U.S. dropped, even in notoriously expensive California, shrugging off escalating Mideast tensions and oil prices for now.  ( 32 min )

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Third-quarter earnings season picks up with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, Netflix, TSMC, Johnson & Johnson, and Lockheed Martin.  ( 23 min )

You can get Social Security benefits and work at the same time. But if you haven't reached full retirement age, your benefits could be reduced.  ( 29 min )

Find out how to determine when it's the right time for you to switch from mutual funds to ETFs, including the benefits of ETFs and who they are best for.  ( 23 min )

The SECURE 2.0 Act will allow employers to provide 401(k), 403(b), or SIMPLE IRA matching for qualified student loan payments.  ( 37 min )

GM and Unifor Deal Details Are Out. You Can't Blame Canada For The UAW Log Jam.  ( 21 min )

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ExxonMobil and Pioneer's $60 billion merger will make Exxon the biggest shale player in the region.  ( 34 min )

(Bloomberg) -- With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to U  ( 34 min )

(Bloomberg) -- With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.Most Read from BloombergIsrael Latest: Egypt Says Response Has Exceeded Self-DefenseIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusBlinken to Visit Israel Again as Lebanon  ( 34 min )

Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend. The rule, published at the end of March, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting […] The post Want to Leave Assets to Heirs? IRS Rule Change Should Have You Rethinking Your Irrevocable Trust appeared first on SmartReads CMS - SmartAsset.  ( 33 min )

The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.  ( 33 min )

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A slew of corporate earnings will provide investors with a check on the health of corporate America in the week ahead.  ( 36 min )

(Bloomberg) -- Traders are preparing for another week of wild price swings as continuing conflict in the Middle East fuels demand for haven assets and prompts investors to reconsider their views on global interest rates. Most Read from BloombergIsrael Latest: US Says It’s Warned Iran in Back-Channel TalksIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsYour Guide to Understanding the Roots of the Israel-Hamas WarStanford Suspends Teacher as Mideast Conflict Roils CampusIsrael Latest: Is  ( 33 min )

If government regulators prevail against Google in the biggest U.S. antitrust trial in a quarter century, it's likely to unleash drastic changes that will undermine the dominance of a search engine that defines the internet for billions of people. As the 10-week trial probing Google's business practices nears its midway point, it's still too early to tell if U.S. District Judge Amit Mehta will side with the Justice Department and try to handcuff one of the world's most dominant tech companies. If Mehta rules that Google has been running an illegal monopoly in search, the punishment could open up new online avenues for consumers and businesses to explore in pursuit of information, entertainment and commerce.  ( 35 min )

By Louis Juricic and Sarina Isaacs  ( 34 min )

Renaissance Capital LLC’s passive IPO-focused ETFs loaded up on Palantir, Rivian, and Kenvue stock, and exited an investment in Li Auto in the third quarter.  ( 20 min )

Earnings at giant banks rose as high interest rates let them rake in more income. But loan write-offs also increased, showing that some borrowers are struggling.  ( 35 min )

Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they contend is unconstitutional. The couple from Redmond, Washington, claim they had to pay the money because of their investment in an Indian company from which, as Charles Moore, 62, said in a sworn statement, they “have never received a distribution, dividend, or other payment.” The Moores are the public face of a high court case backed by business and conservative political interests that could call into question other parts of the U.S. tax code and rule out a much-discussed but never-enacted tax on wealth.  ( 34 min )

Older relatives often have let their finances fall into disarray by the time you step in. Here's a primer on how to help right things without angering them.  ( 24 min )

This week in Borderlands: Mexico remains top US trade partner in August, Laredo No. 1 gateway; Eden Green begins $40M vertical farming expansion near Dallas; Production, exports of Mexican-built trucks fall for second straight month; and Port of Brownsville receives $11.5M to overhaul cargo dock. The post Borderlands: Mexico top US trade partner in August, Laredo No. 1 gateway appeared first on FreightWaves.  ( 34 min )

Individual investors are dialing back on risks across markets.  ( 27 min )

(Bloomberg) -- China’s economy isn’t yet on secure footing, as recent green shoots have been offset by lingering fears about the property crisis and a stubborn inability to revive confidence.Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Rockets Target Tel Aviv; Hezbollah Claims StrikeIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerYour Guide to Understanding the Roots  ( 36 min )

Surging interest expenses are wiping out profits for some issuers of risky loans.  ( 27 min )

Sales growth has slowed in the U.S. as car companies are finding a limited pool of consumers willing to pay more for these models.  ( 27 min )

Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla reaches a production milestone; OSHA violations plague GM plant; and VinFast buys a battery company.  ( 33 min )

Eli Lilly (LLY) shares are reaching new heights, up 67% in 2023. Consistent buy pressure is lifting the stock.  ( 32 min )

Vertex Pharmaceuticals (VRTX) shares are climbing, up 28% in 2023. Consistent buy pressure is lifting the shares.  ( 32 min )

Novo Nordisk (NVO) shares are surging, up 51% in 2023. While the company recently raised its guidance due to Ozempic and Wegovy, mega demand for the stock is powering the surge.  ( 32 min )

The first is how much the conflict in the Middle East could escalate and what it might mean for supplies in the world's top oil producing region. Crude prices got to finish the just-ended week up as much as 7%, after somewhat of a roller-coaster. An initial 4% gain on Monday from concerns over the latest Middle East war was pared to just 1% by Thursday from data showing the worst weekly US crude build in eight months, on top of record production.  ( 37 min )

South Korea's stock market watchdog said on Sunday it found two Hong Kong-based investment banks had engaged in naked short-selling, which would likely result in record fines. The two unnamed investment banks made naked short-selling transactions of a total 40 billion won ($29.58 million) and 16 billion won, respectively, the Financial Supervisory Service (FSS) said in a statement. Naked short selling of stocks - in which an investor short sells shares without first borrowing them or determining they can be borrowed - is banned by the Capital Markets Act in South Korea.  ( 31 min )

Economists and market strategists are anticipating further ripple effects globally from the Middle East conflict, watching to see if the situation draws in other countries with the potential to increasingly drive up oil prices and send capital flowing to safehavens. Israel was preparing on Saturday to launch a ground assault in the Hamas-controlled Gaza Strip, after telling Palestinians living in the territory to flee south. The Israeli national security adviser, meanwhile, warned Lebanese militant group Hezbollah not to start a war on a second front.  ( 32 min )

Is a 3% cash discount enough to make people ditch credit cards and payment apps?  ( 27 min )

The accounting rate of return (ARR) is a formula that measures the net profit, or return, expected on an investment compared to the initial cost.  ( 26 min )

Custom basket ETFs are exchange-traded funds taking advantage of the SEC’s “ETF Rule” passed in 2019. Learn more here.  ( 22 min )

ETFs offer more convenient ways to access the many benefits of covered call strategies, such as lower volatility.  ( 22 min )

Learn the relationship among the cost of living, the government’s Consumer Price Index, inflation, and Americans’ household incomes.  ( 31 min )

Learn about the difference between an index fund and an exchange-traded fund, or ETF, and how index fund investing compares to value investing.  ( 22 min )

Discover four viable hedging strategies with index-based ETFs, including the use of inverse and leveraged funds, as well as call writing and buying puts.  ( 23 min )

Medicare changes for 2024 include big changes for Part D, and higher premiums and deductibles. Learn about changes.  ( 22 min )

Can some experts possibly be right about Americans saving too much for our own good?  ( 26 min )

Net foreign factor income (NFFI) is the difference between a nation’s gross national product (GNP) and gross domestic product (GDP).  ( 20 min )

Communism and socialism are political and economic systems that are historically related but often confused with each other. Here's how they compare.  ( 27 min )

The Old-Age and Survivors Insurance Trust Fund is a U.S. Treasury account that pays Social Security benefits to retired workers, their survivors, and eligible children.  ( 25 min )

ETF arbitrage brings the market price of ETFs back in line with net asset values when divergence happens. Learn how it works.  ( 24 min )

Japan's negative interest rate policy has failed to generate economic growth, but the central bank keeps trying to print up prosperity.  ( 23 min )

Medicare open enrollment, Oct. 15–Dec. 7, is an opportunity to make changes to your Medicare coverage. Learn how open enrollment for Medicare works.  ( 26 min )

Bitcoin's price history has been volatile. Learn about the currency's significant spikes and crashes, plus its major price influencers.  ( 27 min )

You can get Social Security benefits and work at the same time. But if you haven't reached full retirement age, your benefits could be reduced.  ( 29 min )

Find out how to determine when it's the right time for you to switch from mutual funds to ETFs, including the benefits of ETFs and who they are best for.  ( 23 min )

Learn more about Medicare Part D, which is a prescription drug benefit program offered as part of Medicare.  ( 26 min )

Learn how to evaluate the performance of an ETF, whether it is before the purchase or after you have held the investment for many years.  ( 20 min )

Property, plant, and equipment (PP&E) are long-term assets vital to business operations and not easily converted into cash.  ( 26 min )

Medicare is a U.S. government program providing health insurance mostly to people 65 and older.  ( 30 min )

The massive Baby Boomer generation is now retiring in droves. Will they bankrupt the Social Security system?  ( 25 min )

Actor and comedian Kevin Hart has made millions from his comedy career, business ventures, and investments, giving him a net worth of about $450 million.  ( 20 min )

The number of 'centi-millionaires' worldwide has more than doubled in the last 20 years, with 38% of them living in the U.S. and 775 based in New York City.  ( 18 min )

The Canada Revenue Agency (CRA) or Agence du revenu du Canada is a federal agency that collects taxes and administers tax laws for the Canadian government.  ( 21 min )

Each is different in their own way, but which system is better: the currency board or the central bank? Find out more about these systems in this article.  ( 25 min )

ETFs have lower costs than index funds, but the cost to buy and sell can be more expensive.  ( 22 min )

TikTok heeft naar eigen zeggen actie ondernomen bij het bestrijden van nepnieuws en haatzaaiende berichten rond het conflict in Israël. De videoapp reageert daarmee op een eis van Eurocommissaris Thierry Breton.  ( 8 min )

De rente op studieschulden is met ruim 2,5 procent veel hoger dan de afgelopen jaren. Is dat reden voor extra haast met aflossen ? Of loont het om juist langzaamaan te doen? Experts wijzen op dat je gevoel het belangrijkst is.  ( 9 min )

De Wereldbank is onder de nieuwe president Ajay Banga een nieuwe richting ingeslagen. Die indruk heeft vertrekkend Wereldbank-bewindvoerder Koen Davidse.  ( 10 min )

Vakbond FNV organiseert dinsdag 24 oktober een landelijke stakingsdag in de houthandel voor een nieuwe en betere cao. De bond roept verder voor komende maandag op tot werkonderbrekingen in Zuid-Holland en Zeeland.  ( 8 min )

NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over de wegwerpbeker die per januari verboden is. Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen. Oplossingen zijn mogelijk inruilbekers, meer vaatwassers en gratis herbruikbare flesjes. Wat lijkt jou een goed alternatief? Of neem je nu al een herbruikbare fles of mok mee als je de deur uitgaat?  ( 7 min )

Vandaag start een internationaal onderzoek naar het zeewater en de grond rondom Fukushima. Japan loost hier sinds afgelopen zomer afvalwater van de verwoeste kerncentrale in de Stille Oceaan. En daar is niet iedereen over te spreken.  ( 9 min )

NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Vandaag gaat het over de wegwerpbeker die per januari verboden is. Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen. Oplossingen zijn mogelijk inruilbekers, meer vaatwassers en gratis herbruikbare flesjes. Wat lijkt jou een goed alternatief? Of neem je nu al een herbruikbare fles of mok mee als je de deur uitgaat?  ( 7 min )

China schendt op grote schaal mensenrechten in de visserij-industrie. Personeel aan boord van vissersboten en in de verwerkingsfabrieken, onder wie Oeigoeren en Noord-Koreanen, heeft te maken met mensenhandel, geweld en dwangarbeid. Daarbij vallen zelfs doden, blijkt uit onderzoek van journalisten van The Outlaw Ocean Project.  ( 10 min )

Kantoren, attractieparken en ziekenhuizen weten nog niet hoe ze de wegwerpbeker gaan vervangen als die per januari verboden is, blijkt uit een rondgang van NU.nl. Onderwijsinstellingen hebben juist al wat ervaring opgedaan: "De mokkendiefstal neemt af."  ( 13 min )

China schendt op grote schaal mensenrechten in de visserij-industrie. Personeel aan boord van vissersboten en in de verwerkingsfabrieken, onder wie Oeigoeren en Noord-Koreanen, heeft te maken met mensenhandel, geweld en dwangarbeid. Daarbij vallen zelfs doden, blijkt uit onderzoek van journalisten van The Outlaw Ocean Project.  ( 10 min )

Giving Tuesday is a global initiative that encourages people to donate their time and money to charitable causes on the Tuesday after Thanksgiving.  ( 24 min )

A genuine progress indicator (GPI) is a metric that measures the economic growth of a country. It is an alternative to gross domestic product (GDP).  ( 24 min )

Exchange traded products (ETPs) are types of securities that track underlying securities, an index, or other financial instruments. ETPs trade on exchanges similar to stocks.  ( 22 min )

An international exchange-traded fund (ETF) is any ETF that invests in foreign-based securities.  ( 22 min )

A euro ETF is an exchange-traded fund (ETF) that invests in the euro, either directly or through euro-denominated short-term debt.  ( 20 min )

Women are investing and saving for retirement at higher rates, with younger generations of women leading recent gains, Fidelity found.  ( 18 min )

An exchange-traded fund (ETF) is a basket of securities that tracks an underlying index. ETFs can contain investments such as stocks and bonds.  ( 39 min )

Despite beating on profit, Domino's Pizza (DPZ) posted weaker-than-expected revenue for its third quarter as inflation-weary customers pulled back on ordering pizza.  ( 18 min )

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.  ( 28 min )

A decade after the financial crisis, Neel Kashkari, the man who oversaw TARP, answers questions on lessons learned.  ( 23 min )

Handelsgesetzbuch is a law that governs the commercial code for German companies and includes regulations on the preparation of financial statements.  ( 23 min )

There are at least four factors that affect change in futures prices, including risk free-interest rates, particularly in a no-arbitrage environment.  ( 25 min )

The Conference Board (CB) is a not-for-profit research organization which distributes vital economic information to its peer-to-peer business members.  ( 28 min )

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Insurers have been hit by a one-two punch of natural disasters and lackluster financial markets. But there’s a silver lining: the profits and surpluses that come with rising premiums.  ( 68 min )

(Bloomberg) -- Bond traders got a glimpse this week of what the eventual end of the Federal Reserve’s hiking cycle may look like.Most Read from BloombergIsrael Latest: Military Says It’s Preparing Wide Assault on GazaIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerYour Guide to Understanding the Roots of the Israel-Hamas WarWider War in Middle East Could Tip the World Economy Into RecessionAmid volatile trading conditi  ( 33 min )

Nvidia offers luxurious office spaces in which employees can gather, but there's no return-to-office mandate.  ( 34 min )

The National Labor Relations Board alleges X retaliated against software engineer Yao Yue after she posted messages telling other workers to let Musk fire them rather than resigning, in wake of the company's new return-to-office policy.  ( 31 min )

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The refinery that supplies much of Scotland and northern England’s petrol and diesel could be at risk of cutbacks or even closure if Labour pushes ahead with plans to ban new oil and gas projects in the North Sea, its owners have warned.  ( 34 min )

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Prices at the pump are tumbling, even as war rages in the Middle East.  ( 27 min )

Hundreds of billions of dollars have been invested worldwide. Here’s what you need to know about how much the technology has, and hasn’t, changed things.  ( 29 min )

(Bloomberg) -- Investors are growing more confident that a year-long slump in profits for Corporate America is about to end. Yet a fragile economic outlook, wary consumers and the highest interest rates in 16 years mean any relief for stocks could be short-lived.Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Rockets Target Tel Aviv; Hezbollah Claims StrikeIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Hel  ( 35 min )

(Bloomberg) -- With the Securities and Exchange Commission opting against appealing a ruling that paves the way for Grayscale Investments LLC to convert its Bitcoin trust into an exchange-traded fund, analysts are now trying to gauge how the process may unfold from here. Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Rockets Target Tel Aviv; Hezbollah Claims StrikeIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican  ( 32 min )

(Bloomberg) -- Federal Reserve officials look set to hold interest rates steady for the second time in a row next month — but they’re far from calling an end to their tightening campaign.Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Blinken Says Must Stop Conflict From SpreadingWider War in Middle East Could Tip the World Economy Into RecessionNYC Boosts Security Ahead of ‘All O  ( 34 min )

Around 7% of retirees are looking for work in retirement, while 20% say they’re already working part time or full time.  ( 36 min )

Mortgage assumption allows the seller of a home to pass along to the buyer an existing home loan, negotiated earlier at low interest rates.  ( 32 min )

There is a long history of legendary CEO returns, but more companies have regretted them than rejoiced.  ( 27 min )

The US median down payment increased 11.3% year over year in the third quarter to $30,434, the highest in a decade.  ( 34 min )

Chipotle's long-term growth plans are still attractive to the street.  ( 34 min )

Wall Street’s great debate of 2023 — whether the U.S. economy is headed for a recession — is resurfacing amid heightened geopolitical risk, unabating inflationary pressures, and surging bond yields.  ( 32 min )

(Bloomberg) -- Igor Sechin, the boss of Russia’s state oil company and longtime associate of Vladimir Putin, celebrated New Year’s Eve on a yacht anchored off Palm Jumeirah, the man-made Dubai island dotted with oligarch-friendly beachfront villas. Most Read from BloombergIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerYour Guide to Understanding the Roots of th  ( 40 min )

The agency is targeting partnerships with more than $10 million in income and individuals with more than $1 million in income and $250,000 of tax debt.  ( 24 min )

India said on Saturday it will maintain the floor price for basmati rice exports until further notice, according to a government order, as the world’s biggest exporter continues to curb overseas shipments of the grain. India imposed a $1,200 per ton minimum export price (MEP) on basmati rice shipments in August to calm local prices ahead of key state elections. A government order on Saturday said it would maintain the MEP, initially in place until Sunday, until further notice.  ( 31 min )

A wager against U.S. shopping malls looked like a sure thing but hasn’t worked out that way.  ( 28 min )

UAW workers are striking for better pay, among other benefits. Here's a look at how UAW hourly wages compare with other workers in striking states.  ( 33 min )

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce. Patchy regulation and high energy usage have also prevented the spread of crypto as a means of payment.  ( 33 min )

Conflict in the Middle East, surging global interest rates and elevated oil prices threaten a fragile recovery.  ( 28 min )

Darren Woods didn’t waver in his full-throttled belief in oil. Now his one-time doubters back his $60 billion deal for shale giant Pioneer.  ( 25 min )

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Apple Inc. is facing an expanded lawsuit with more than three dozen victims alleging that Apple's AirTag the "weapon of choice" for stalkers and abusers.  ( 33 min )

Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.  ( 27 min )

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Aardappeltelers op bepaalde typen grond (zand en löss) moeten zondag toch echt hun aardappels hebben geoogst, willen ze strafmaatregelen voorkomen. Veel boeren zeggen dat hun gewassen meer tijd nodig hebben.  ( 10 min )

Het aantal bedrijven dat failliet is gegaan is afgelopen jaar flink toegenomen. Voor werknemers zorgt een faillissement voor een onzekere tijd. Ze verliezen hun baan en daarmee hun inkomen. Wat zijn hun rechten?  ( 10 min )

Heb je nu een DSL-internetabonnement van bijvoorbeeld Youfone of Odido en legt KPN glasvezel bij je aan? Dan ben je binnenkort waarschijnlijk een stuk duurder uit. De goedkopere internetabonnementen zijn niet verkrijgbaar op het glasvezelnetwerk van KPN.  ( 10 min )

Steeds meer woningen in Nederland zijn voor internet, televisie en telefonie aangesloten op een glasvezelnetwerk. Maar er zijn regionale prijsverschillen voor glasvezelabonnementen. Wat je voor je abonnement betaalt, is afhankelijk van de glasvezelkabel die naar jouw huis is aangelegd.  ( 10 min )

De Europese Unie is niet van plan zich economisch los te maken van China. Brussel wil minder afhankelijk worden van het Aziatische land, maar de handelsbelangen zijn te groot, zei EU-buitenlandchef Josep Borrell.  ( 9 min )

Ferrari accepteert vanaf nu cryptomunten als betaalmiddel bij de verkoop van zijn luxe sportauto's. Voortaan kunnen klanten in de Verenigde Staten met de digitale munten betalen. Begin volgend jaar zou dit ook in Europese landen mogelijk moeten zijn.  ( 9 min )

Het aantal bedrijven dat failliet is gegaan is afgelopen jaar flink toegenomen. Voor werknemers zorgt een faillissement voor een onzekere tijd. Ze verliezen hun baan en daarmee hun inkomen. Wat zijn hun rechten?  ( 9 min )

Aan de periode waarin de lonen alsmaar harder omhooggaan lijkt een einde gekomen. President Klaas Knot van De Nederlandsche Bank ziet de "eerste signalen van afnemende loondruk".  ( 10 min )

Sinds Wehkamp 50 cent per geretourneerd artikel vraagt, krijgt de webwinkel vijfduizend producten per dag minder terug. Wehkamp gaat ook klanten stimuleren om een bestelling bij een afhaalpunt van DHL op te halen door 50 cent te rekenen voor bezorging thuis. Hoeveel geld heb jij er voor over om je bestelling retour te sturen? En zou jij je pakketje bij een afhaalpunt laten leveren als thuisbezorgen geld kost? Praat mee.  ( 8 min )

De rente op studieleningen gaat flink stijgen. Maar wat betekent dit nou in de praktijk voor jouw studieschuld?  ( 3 min )

Despite beating on profit, Domino's Pizza (DPZ) posted weaker-than-expected revenue for its third quarter as inflation-weary customers pulled back on ordering pizza.  ( 1 min )

When looking at third-quarter earnings “beats” and “misses” don't forget to think about the bigger picture.  ( 24 min )

New car prices have risen and interest rates have spiked. That means car purchases are taking a larger share of household budgets. That’s not good for buyers or investors.  ( 35 min )

Fed members seem to have woken up to the potential impact higher bond yields can have on the stock market. A pivot may be coming.  ( 19 min )

Strong earnings and reduced valuations could propel tech stocks higher, lifting the broad market in the seasonally strong fourth quarter.  ( 26 min )

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Here are some of the major companies whose stocks moved on the week’s news.  ( 27 min )

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Gain insight on Orsted’s Sunrise Wind offshore project, Exxon’s acquisition of Pioneer, the U.S. rig count, and more in the latest Market Talks covering Energy and Utilities.  ( 25 min )

US crude oil production surged to a record high of 13.2 million barrels a day, above the prior record of 13.1 million hit in February 2020.  ( 33 min )

Covid-19 product sales are expected to dry up. Pfizer said Friday it is cutting its guidance for the year by $9 billion due to changes in expected sales of its Covid-19 vaccine and treatment Paxlovid. Pfizer lowered its guidance to between $58 billion and $61 billion from between $67 billion and $  ( 24 min )

The best available nationwide CD rate today jumped to 6.50% for an eight-month term, although only for a maximum deposit of $5,000.  ( 20 min )

Pfizer Inc on Friday cut forecast for 2023 revenue to between $58 billion and $61 billion, from $67 billion to $70 billion previously. Shares of the company were down about 7% in extended trading. The company also cut its forecast for revenue from its COVID pill Paxlovid to about $7 billion from a prior forecast of $8 billion.  ( 31 min )

After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsoft's takeover of Activision Blizzard worth the hassle. Microsoft, which owns the Xbox gaming system, closed its $69 billion deal to buy game-maker Activision Blizzard on Friday after fending off global opposition from antitrust regulators and rivals. It marks a career-defining moment for Spencer, who first joined Microsoft as an intern in 1988 and has helmed Xbox since 2014.  ( 35 min )

Gold was having a meh year until Hamas tacked Israel. Here’s what could drive prices higher, according to one metals watcher. Plus, market newsletter commentary on interest rates, bank downgrades, and small-cap dividends.  ( 24 min )

Higher interest rates are making lending by the nation’s largest banks more profitable, while consumers and the economy remain surprisingly strong in the face of rate hikes.  ( 31 min )

In the largest tax audit in U.S. history, the IRS rejected Microsoft’s efforts to assign profits to a small factory in Puerto Rico.  ( 34 min )

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The Dow rose 200 points after JPMorgan and Wells Fargo kicked off earnings season with profit beats.  ( 43 min )

Open enrollment for Medicare opens Sunday, and seniors could have dozens of options. During the enrollment period, which ends Dec. 7, people will have the opportunity to choose between traditional Medicare and privately run Medicare Advantage plans in their area, as well as prescription drug plans. The non-profit KFF analyzed a national survey of people with Medicare and found that only about a third compared their coverage options during a recent enrollment period.  ( 31 min )

(Bloomberg) -- Japan’s Finance Minister Shunichi Suzuki sent a warning shot to investors on Friday, relating that he had told his Group of 20 counterparts that there will be cases when appropriate responses are required in foreign exchange markets. Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerNYC Boosts Security Ahead of ‘All Out for Palestine’ ProtestWider War in Middle East Could Tip the Wo  ( 32 min )

Policies can have a ripple effect, often going beyond their initial intent. We’re seeing this now from the Federal Reserve, which has made it clear that, in response to stubbornly persistent inflation, it will be holding interest rates higher for longer. This trend aligns with observations made by David Kostin, Chief US Equity Strategist at Goldman Sachs. Kostin points out that stocks have shown a strong return on equity (ROE) over the past several decades, reflecting a positive combination of p  ( 35 min )

Ford Motor is considering cutting a work shift at the plant where it builds its electric F-150 Lightning pickup as demand for the EV truck falters.  ( 28 min )

Microsoft's success could embolden other big technology companies seeking a better foothold in videogames.  ( 17 min )

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Oil jumped more than 4% on Friday as the G7 clamped down on Russian crude export price cap violations and uncertainty over the Israel-Hamas war intensifies.  ( 34 min )

Medicare premiums will rise by 6% in 2024, taking a bite out of Social Security's 3.2% cost of living adjustment. See what you'll be paying.  ( 33 min )

JPMorgan's wider unrealized bond losses may indicate that Bank of America's could top $130 billion when the bank reports its third quarter next week.  ( 22 min )

BlockFi lost “a little over a billion dollars” due to its involvement with FTX and Alameda Research, Zac Prince said.  ( 32 min )

Precious metal futures, often considered 'safe havens' for investors, are jumping up ahead of the weekend--with traders attempting to mitigate their risk in the event of the mideast conflict heightening. "Gold is trading sharply higher today as the escalation of the Israeli-Hamas conflict ahead of  ( 11 min )

(Bloomberg) -- The rout in the US government bond market can be attributed to the absence of all of its anchors, according to Mohamed El-Erian.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Saudis Pause Israel Normalization in Blow to USIsrael Latest: UN Staff Given Evacuation Order for Northern GazaJeff Bezos Buys His Florida Neighbor’s Mansion for $79 MillionVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice Actor“We have lost th  ( 32 min )

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“Last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships," Dimon warned.  ( 34 min )

The Dow rose 200 points after JPMorgan and Wells Fargo kicked off earnings season with profit beats.  ( 40 min )

The Dow rose 200 points after JPMorgan and Wells Fargo kicked off earnings season with profit beats.  ( 41 min )

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Probate is a legal process that verifies the validity of a deceased person’s will. This includes addressing debts and distributing remaining assets. If you die without a will or a living trust, probate can substantially influence the transfer of your assets. Here's what you need to know to avoid the probate process. If you want […] The post How to Avoid Probate on Your Bank Accounts appeared first on SmartReads by SmartAsset.  ( 32 min )

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BofA Global Research analyst Vivek Arya reiterated his "Top Pick" Buy rating for the stock and reaffirmed his target of $650 for the price.  ( 16 min )

Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.  ( 34 min )

The Internal Revenue Service has determined that the software giant owes the U.S. Treasury $28.9 billion in back taxes. Here's what happens next.  ( 19 min )

UAW President Shawn Fain says the strike against the Detroit Three auto makers wasn't expanded, but it isn't done yet.  ( 25 min )

A tumble in LVMH stock this week has reduced the wealth of Bernard Arnault, who controls the luxury giant. Jeff Bezos could soon overtake him.  ( 17 min )

It wasn’t that long ago that BofA seemed poised to become America’s most lucrative bank. A big bet on bonds changed all that.  ( 23 min )

(Bloomberg) -- Morgan Stanley’s Mike Wilson sees a rebound in earnings in the latter half of 2024 but for now his message to investors — stick to the stock picker’s playbook as things are going to get worse before they get better.Most Read from BloombergIsrael Latest: Israeli Army Strikes Hezbollah Posts in LebanonTop House Republican Wants Help From Democrats to Pick a SpeakerWider War in Middle East Could Tip the World Economy Into RecessionNYC Boosts Security Ahead of ‘All Out for Palestine’  ( 33 min )

The average rate on a 30-year mortgage jumped back up Thursday to 8.10%. The increase comes after two days of drops that lowered the 30-year benchmark rate to below 8.00%.  ( 20 min )

The results kicked off a closely watched earnings season where banks of all sizes will be trying to show how they are navigating an extended period of high interest rates.  ( 34 min )

Gas prices rose to their highest peak since February on Friday as the conflict in the Middle East deepens and households prepare for a period of cold weather.  ( 32 min )

(Bloomberg) -- A changing of the guard among the biggest buyers of US Treasuries has Wall Street veterans bracing for further pain in the world’s largest bond market.Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Palestinians Flood South After Evacuation OrderIsrael Latest: UN Staff Given Evacuation Order for Northern GazaVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice ActorJeff Bezos Buys His Florida Neighbor’s Mansion for $79  ( 35 min )

The only certainty is change, and that’s on investors’ minds today, now that the latest inflation data is out. The Bureau of Labor Statistics reported a month-over-month gain in consumer prices, the CPI, of 0.4%, and an annualized CPI rate of 3.7%. The annualized rate was flat from August, and both figures were unfavorable compared to the expectations, which ere 0.3% and 3.6% respectively. These data points come as economic headwinds are piling up. Oil prices are rising along with the heat in th  ( 35 min )

Netflix downgraded, Applied Materials upgraded: Wall Street's top analyst calls  ( 34 min )

The U.S. Securities and Exchange Commission is set on Friday to adopt new rules that will increase transparency of short-selling, the controversial practice of betting against stocks that drew new scrutiny amid the GameStop saga. The rules will require investors to report their short positions to the agency and for companies that lend out shares to report that activity to the Financial Industry Regulatory Authority (FINRA), a self-regulatory body that polices brokers. The SEC's five commissioners will vote on the rules, which were first proposed in late 2021 and early 2022, on Friday morning.  ( 32 min )

The companies completed the $75 billion deal after a lengthy struggle with regulators.  ( 29 min )

Earnings per share rise to $1.89 from 20 cents in the same quarter a year earlier. The consensus call on Wall Street was for a profit of $1.72.  ( 13 min )

The deal closed Friday after Microsoft cleared a final hurdle from the UK’s Competition and Markets Authority (CMA).  ( 34 min )

Most young Americans have cut their spending in response to persistent inflation over the past year, a Bank of America survey showed on Friday. Seventy three percent of Gen Z consumers between the ages of 18 and 26 have changed their lifestyles because of increased prices, according to a Bank of America poll of more than 1,100 respondents. "Gen Zers are definitely looking for ways to improve their financial health," said Holly O'Neill, president of retail banking at Bank of America told Reuters.  ( 32 min )

The lender earned a profit of $1.57 billion, or $3.60 per share, compared to $1.64 billion, or $3.78 per share, from a year earlier. Analysts had estimated a profit of $3.11 per share, according to LSEG IBES data.  ( 32 min )

With volatile commodity prices, energy stocks can see wild swings from time to time. But investors don't necessarily have to actively trade stocks to make money in the sector. They can also collect dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attempting to time the market, all while benefiting from a passive income stream. Business magnate John D. Rockefeller once said, "Do you know the only thing that gives me pleasure? It's to see m  ( 33 min )

(Bloomberg) -- Shares of Boeing Co. and its top supplier fell on a report that the planemaker is expanding inspections of production flaws in 737 Max aircraft, a move that could further delay deliveries of the workhorse jet. Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: UN Staff Given Evacuation Order for Northern GazaIsrael Latest: Mideast Rallies Grow as Gaza Crisis WorsensVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice Actor  ( 32 min )

The world faces its most “dangerous time” in decades, the boss of JP Morgan has warned as global conflicts combine with fragile economies.  ( 47 min )

Citigroup profit and revenue both rose, topping expectations in its third quarter. Here are the highlights: Profit rose 2% to $3.55 billion, or $1.63 per share. Analysts had expected $1.23 per share. Revenue rose 9% to $20.14 billion. Analysts had expected $19.27 billion. In its markets opera  ( 24 min )

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Citigroup's profit was broadly steady in the third quarter, fueled by rising interest payments and surging investment banking fees. The bank's net income rose to $3.5 billion from a year ago, it reported on Friday, while earnings per share remained stable at $1.63, exceeding the consensus estimate of $1.21 by analysts polled by LSEG. Revenue at Citi's institutional clients group that houses its Wall Street operations increased 12% from a year ago, fueled by a jump in investment banking fees.  ( 32 min )

A problem over the specification of holes on the 737 MAX has worsened. It means more work which slows down deliveries. That isn't what investors want to hear.  ( 18 min )

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(Bloomberg) -- BlackRock Inc. clients pulled a net $13 billion in long-term investment funds, the first outflows since the onset of the pandemic in 2020. Most Read from BloombergTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: UN Staff Given Evacuation Order for Northern GazaIsrael Latest: Army Urges Evacuation in Gaza; Mideast ProtestsVideo Game Cyberpunk 2077 Uses AI To Replace Deceased Voice ActorScalise Ends House Speaker Bid, Deepening Republican TurmoilThe red  ( 33 min )

UAW President Shawn Fain will update members, and investors, on Friday about the state of labor negotiations with the Detroit Three auto makers. Investors will be looking for clues about how this strike might end.  ( 23 min )

JPMorgan Chase has avoided the worst effects of rapidly rising interest rates, which have hit peers.  ( 23 min )

Wells Fargo kicked off earnings this morning, showing the biggest banks continue to rake in hefty profits. Here are the highlights: The San Francisco-based bank earned $5.77 billion in the third quarter, up 61% from $3.59 billion [a year earlier](https://wsj.com/livecoverage/stock-market-news-to  ( 24 min )

Earnings from JPMorgan Chase and Wells Fargo top estimates, UnitedHealth's adjusted earnings beat forecasts, Microsoft's $75 billion acquisition of Activision Blizzard is approved by U.K. regulators, and Dollar General's former CEO will be coming out of retirement to lead the discount retailer.  ( 23 min )

The world’s largest money manager posted third-quarter earnings per share of $10.91, up from $9.55 a year earlier and better than the $8.34 expected by Wall Street analysts.  ( 15 min )

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The result kicked off a closely watched earnings season where banks of all sizes will be trying to show how they are navigating an extended period of high interest rates.  ( 33 min )

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The Federal Reserve is getting some key help from Treasury yields.  ( 34 min )

Chinese drone maker EHang Holdings gained safety approval certification from China's aviation authority, bringing its unmanned passenger copters one step closer to commercial use, the Guangzhou-based company announced on Friday. The 'type certification' from the Civil Aviation Administration of China (CAAC) is for EHang's 216-S model, a 16-rotor drone that can carry two passengers at speeds of 130 kilometres an hour at a max range of 30 kilometres. An individual vehicle costs 2.16 million yuan ($296,000).  ( 32 min )

Shares in Chinese e-commerce giant JD.com fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates. JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day.  ( 32 min )

(Bloomberg) -- The rally in Asian equities halted as Treasury yields surged after US inflation data bolstered bets on Federal Reserve rate hikes. The latest data on continued weakness in China’s economy added to the gloom.Most Read from BloombergIsrael Latest: UN Staff Given Evacuation Order for Northern GazaTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Hamas Leaders Targeted as Ground War LoomsScalise Ends House Speaker Bid, Deepening Republican TurmoilGhost in  ( 34 min )